You make a decent point... but this recent run up in property values truly feels different than the norm. I'm from the Phoenix area, and prior to the Pandemic, I could have afforded a three-bedroom, two bathroom house with a pool, and with a sub six-figure income to boot. That same property has doubled or tripled in price within the past few years (which is an abnormal level of growth in real estate) plus the interest rates have also gone up. I'm getting fscked on both ends, with a monthly mortgage payment that would make me absolutely house poor.
I just hate the feeling of needing to put more of my life on hold because a world changing event disrupted my buying power and messed up the available housing stock. Truly the perfect storm of disappointment.
I just hate the feeling of needing to put more of my life on hold because a world changing event disrupted my buying power and messed up the available housing stock. Truly the perfect storm of disappointment.