Not unless I had some affordable options lined up already. Getting more than it is worth is not worth much if other alternatives are not affordable.

Bryce

Buddy moved to MO said even a house trailer was tough to find.

We moved and bought a house outside of Nashville 2 and a half years ago. The assessment came in a few weeks ago for 80k more than when we bought. We could probably sell for about 150k more than we paid. Even single wide trailers are renting for $1,400 a month just a mile away. It was cheaper to buy than rent when we bought.

Boco had a point. It may make sense if you plan to downsize, otherwise not. If prices are up say 30%, you will pay 30% more for the smaller house, so what was a 100K house will cost you 130K. If you sell what was a 200K house for 260K you put an extra 30K in your pocket. If you are upsizing you may be setting yourself up for a beating.

I think part of the price increase is driven by artifically low interest rates. Given the current inflation rate the Fed would normally be increasing interest rates but they are not. That would mean the gov't is creating this housing bubble. The gov't created the last housing bubble by forcing lenders to lend money to borrowers that could not qualify previously. That created a bubble and bubbles expand until they burst. It will likely happen again.

I'm getting close to finishing up my cabin. It's less than ten miles away from my home in town but it's like being in the middle of nowhere. The only thing you hear out there is the occasional coyote. I'll keep the house in town for the running water and warm showers and spend some nights in the cabin in the winter so long as the snowdrifts don't keep me at bay.

I'm in what has traditionally been a really depressed real estate market but I'm told things are selling fast nowadays. There seem to be a lot of folks fleeing the cities.

Companies like Blackrock are buying a lot of houses often for double the asking price sight unseen driving the price up

Sell high and re buy high, crazy but people are doing it here.
But yeah they tax accessed our houses out of these world.
Hate it taxes are going up , up , and away.

Plus getting invaded by people that don't belong here.
Kinda funny I got to hear a couple the other day crying about
Ranchers herding there cattle across a highway for about 3/4 mile.
And wow they could believe all the poop lol.
I laughed and said "Montana Rush hour traffic".

I just sold into this inflated market which was good for me, the issue was I had to buy into it as well...uffda.

Guy I work with just sold his house he bought less than a year ago in 3 days making just under 50,000 profit in 3 days. Said he will rent tell the market corrects then swoop in and buy in on the foreclosures.

Honestly a good plan for a single guy.

It'll be good for the old folks who have to move into the old age penetentiary.

Well stock market up last 6 months, pay is up and plenty of jobs not all bad! lack of riots is kind of boring though.

I read this month that the market may be coming down a little. Maybe it topped out in June.

Prices are completely crazy here. We bought in 2012, could triple our money now. Don’t know where I want to go yet.

Here in northern NY, houses and small 5-10 acre bug out, snowmobile, ATV and hunting cabin lots are selling like hot cakes. But, large parcels 100 acres or more, unless they are heavily forested with mature timber or have frontage so they can be sub-divided into smaller lots, are stagnant.

been there in 2004 found out when I sold my house for 1 1/2 times what I paid for it 4 years earlier I couldn't afford anything for 50 miles

so only if I knew where I was moving and had it all lined up

Had a gal here. Two bedroom one bathroom house. I think she bought it for about 80k. She listed it herself (I told her in this market why pay a realtor when they're selling like hotcakes). She had a sprinkler line bust in her yard. Water actively seeping into the basement. She sold it for 140k cash on the first day. With an active foundation leak. It's insane. If I had anywhere to go I'd sell mine in a second.

I am staying put.

Our home is 70 years old and 3 bedroom, 1 bath and was affordable when we bought in 1976 and is not worth a whole lot now due to size, layout etc. I do like the 1 acre lot and it is alright by me having a house that is under valued in the area when the time comes to sell it will be easy to move and I am not worrying about a huge percentage of our assets tied up with no return unless sold and more is spent.

Bryce

Down here in SWMO we are having a ton of people from California move in. Hope they left their Libtard stuff there. Seeing a lot of their post on Facebook has me worried. One couldn't believe that day laborers weren't available at Home Depot. Not good.

Joe has never told the truth.