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User Info 2021: The Year In Review, And A Wee Light In The Tunnel; entered at 2021-12-27 20:09:28
Lavalle
Posts: 151
Registered: 2021-10-22
Re: real estate

It seems to me that all the helicopter money printed by last and current administrations ended up in the hands of some very VERY big players, which are gobbling up properties everywhere! I am not sure what is the plan there, but the prices in the last 6 months has been nauseating!

I saw 1.5M properties in the boonies (with water well and private sewer) being snatched within 24h of listing and closing at or above asking!

This will not end well when the Karens buying these will realize that isolated living is not what they signed up for. We shall see but I can tell that even the feds are scared of whats going on in REE and thats why they are pushing for an accelerated tightening next year.
2021-12-27 20:09:28