Honestly hoping something like this happens in residential real estate, if it isn’t happening already. Housing is well overdue for a correction.
You can’t tell me that most people can afford a $400,000-$700,000 mortgage. Median incomes don’t support that price point. Median household incomes might support the lower end…barely. So I am starting to wonder just who is buying/selling all these houses. When I see a $600,000 “average” house last 3 days on the market and then sell for $760,000…I have questions.
Honestly hoping something like this happens in residential real estate, if it isn’t happening already. Housing is well overdue for a correction.
You can’t tell me that most people can afford a $400,000-$700,000 mortgage. Median incomes don’t support that price point. Median household incomes might support the lower end…barely. So I am starting to wonder just who is buying/selling all these houses. When I see a $600,000 “average” house last 3 days on the market and then sell for $760,000…I have questions.
I swear if I ever marry it will just be to combine finances so we can actually buy a house and stuff
I am married with a household income in the 200,000-300,000 range and we can’t afford anything here.