The Most Splendid Housing Bubbles in America: “House-Price Inflation” out the Wazoo, Ignored by CPI.

[EdgeBest]

Monthly housing update
Is it really a seller's market if there is no where to live when you sell?

The Most Splendid Housing Bubbles in America: “House-Price Inflation” out the Wazoo, Ignored by CPI. April Update | Wolf Street

wolfstreet.com

 

[Sgfeer]

No inflation

But generally they don't factor housing/Energy and food


Other than that. we good

 

[EdgeBest]

No inflation

But generally they don't factor housing/Energy and food


Other than that. we good

Yeah let's just ignore the number 1 expense people have each month from the inflation calculation

 

[quickfeet]

Everything is fine!

 

[quickfeet]

I mentioned this in another thread, but my neighbor is a seasoned RE agent. He is usually never concerned about the market, but he is really nervous about what is happening right now. Great anecdote, I know - I'll go KMS now

 

[shiv]

Monthly housing update
Is it really a seller's market if there is no where to live when you sell?

The Most Splendid Housing Bubbles in America: “House-Price Inflation” out the Wazoo, Ignored by CPI. April Update | Wolf Street

wolfstreet.com

Great point

 

[PawPower1981]

Builders are cutting so many corners in my area...

-Porches that you can’t fit a rocking chair on

-no mailboxes (central mail station at front of neighborhood)

-front yards are smaller than the driveway

-and the latest skim is one garage lite over the garage door instead of one on each corner.

 

[EdgeBest]

Builders are cutting so many corners in my area...

-Porches that you can’t fit a rocking chair on

-no mailboxes (central mail station at front of neighborhood)

-front yards are smaller than the driveway

-and the latest skim is one garage lite over the garage door instead of one on each corner.

Some of th new designs I see are just ugly

 

[44Bobcats55]

I have two houses on Lake Travis in Austin. They sit side by side and share a lot line. One is an Airbnb that generates around 50k per year. Because of the ridiculous market I can sell the Airbnb and clear about 700k. Thinking it is time to pull the trigger before Mr Potatohead jacks CG to 43%

 

[tiderollsonu]

This is an issue I have, I bought a foreclosure in 2010 for half of what it sold new for in 2006. I could sell the house now and come out with more than I paid for the house in my pocket after paying off the mortgage.

Problem is then I would have to buy a new house to live in or build and lumber prices are way to high to make building an option right now.