Re:Why Are Antiques So Cheap? Because Everyone Lives in the ...
by randomdata on Sunday November 04, 2018 @07:35AM
(#18375572)
I would have said the area I live was that a year ago. We saw the most job growth and lowest unemployment in the country, all while my house was likely worth no more than $150,000.
But the most job growth in the country requires that people move there (here) and they require houses when they arrive. With that surprising increase in demand, I expect I could get $250,000 for my house now, which is a staggering increase in a fairly short period of time.
On the other hand, if you're coming from a place where houses are selling for $1,200,000 (the 4 * $300,000 suggested above), then maybe you still see $250,000 as being affordable. We certainly have jobs. Every place of business in the area seems to be hiring.
But the most job growth in the country requires that people move there (here) and they require houses when they arrive. With that surprising increase in demand, I expect I could get $250,000 for my house now, which is a staggering increase in a fairly short period of time.
On the other hand, if you're coming from a place where houses are selling for $1,200,000 (the 4 * $300,000 suggested above), then maybe you still see $250,000 as being affordable. We certainly have jobs. Every place of business in the area seems to be hiring.