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Homes values increasing disproportionate to income is not sustainable. This is going to end bad....

Quote:

Originally Posted by matthewb0051 (Post 11678365)

San Antonio has always been a cheap place to live. UNTIL NOW

We are looking but are finding an increase in housing prices. They are nearly to the level of Northern Virginia was when we moved there in 2014. I used to say that our NOVA house was $250k house that we paid $550k for. Now our NOVA house is worth about $800k and San Antonio houses that used to be sub $300k are over $500k.

Spoke with parent of my college kid's roommate a couple of weeks ago. They have a family member that was moving recently to Dallas from San Francisco area. Guy without even thinking offered and paid $100k over asking and there didn't seem to be competition. The crap they are used to in those high cost areas is now bleeding over to places that historically didn't have high living costs nor bidding wars for houses.

Will it ever end?

Poor baby!

Quote:

Originally Posted by Rodsrsr (Post 11679411)

Homes values increasing disproportionate to income is not sustainable. This is going to end bad....

What ever gave you that idea?

Quote:

Originally Posted by 911 Rod (Post 11679263)

Nothing good will come out of this for the average person.

You think?

With a 5.2% inflation rate for March..do ya think RE prices are going to go down?

You have had the sweet dreams of lollipops and candy canes now comes the nightmare on your street.

Homeless, renters and owners

America gone bust.

Quote:

Originally Posted by 911 Rod (Post 11679263)

Nothing good will come out of this for the average person.

Does it ever?