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A comment on Show HN: Should I Get a House? a better rent vs. buy calculator. Parent comment

Re:Show HN: Should I Get a House? a better rent vs. buy calc... by WarOnPrivacy on Tuesday July 20, 2021 @12:09AM (#27889972)
> Yeah, but people are listing low to attract more eyeballs.

Any other year I'd accept that. However, that's unlikely to be true this year - in most US markets. Buyers and renters alike are bidding up properties because there is one property or less for every 100 prospects.

Here, landlords get 400 applicants the first day a rental is listed. The second day they get 400 more unique applicants. The rental we just moved into was up for less than 2 hours and received 50 applications. We won by paying 6 mos in advance + last + 1.5x security.

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Re:Show HN: Should I Get a House? a better rent vs. buy calc... by throwaway09223 on Tuesday July 20, 2021 @11:05AM (#27894641)
Look, you don't have to take my word for it, the data is public. Go look up the comps and you'll see they match. There's nothing to "accept," it's just a fact.

There have always been hundreds of prospects for each house sold. When I sold the aforementioned house we got roughly 500 people the first weekend and we were in contract after just a few days. It's been a hot market for a very long time.

Sellers set a low price because the price doesn't matter. It will be bid at the market price regardless.

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