Quote:
Originally Posted by DaneMcCloud
People always contend there's a "Housing Bubble" and that prices will eventually "Come Down". But when has that ever happened in large markets before?
We bought our home 17 years ago and all I heard was "Wow! That's a lot of money! I'm going to wait until prices come down because these prices can't last!!".
17 years later, my home is worth three times the purchase amount and no, it has never gone down in value.
The market is going crazy everywhere, from South Carolina to the panhandle of Florida to the entire West Coast. If it goes down in one market, it'll go down in every market and I just don't think that's going to happen.
Welcome to low interest rates and a housing shortage.
|
Vegas maybe after the housing bubble burst in the early to mid 2000s? I do agree that almost always houses go up in value. The biggest jumps I have been seeing are in the price range the average American can afford. Million dollar homes appreciate, just not as fast as the market of available buyers is so much smaller. Middle class priced homes are skyrocketing as people try to get in while interest rates are so low.