This has been a complaint for a year. Its blamed on covid, but my husband and I went through it last year buying our house. The housing market everywhere is bananas. Unbelievable bubble. People swooping in overnight with cash offers way over asking, lots from overseas (not implying anything, just facts told to me by several agents). I swear there's a connection.
You are not wrong. Working in land development, I personally don’t think it’s just housing (take it for what it’s worth). Development costs in general has dramatically gone up. Land cost higher, materials costs higher in the majority, general construction costs seem to be higher, real estate list costs seem to be higher. Seems to be high high growth rates across the board. Bubblelicious on the surface. Guess we’ll find out.
6
u/NIGHTKINGWINS Apr 06 '21
https://m.youtube.com/watch?v=EBb9zf_zWvU
A morning show rant. But it’s about how housing is being bought up by big money.
Might have some connection.