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.
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I don't necessarily think prices are going to fall, but they have to level off at some point. This isn't Colorado or California...it's the goddamn midwest, not exactly somewhere people are clamoring to come live.