You're right. I'm just grumpy because I'm getting priced out by people who don't need a home. Old people don't need a yard like my kids do.
Discussion
We've been looking for a new home since 2013 lol. Speculators and fiat have killed it
Dang Bro, 2013??
We're at 3.1% interest and the area we're at is great. To rent is almost 3xs our mortgage now lol
Oh okay so you have a house already right?
Yep a small one that we outgrew years ago with my kids which is why we've been looking. Running into same problems though for years was my point.
We are looking to possibly use geographic arbitrage to offset though. I did see a chart that the amount of buyers has plummeted and supply is increasing as well as bankruptcy. Just keep your head up and there should be an opportunity in your near future