Re:Homes in 97% of U.S. cities are overvalued, Moody's says
by foolfoolz on Friday May 06, 2022 @12:46AM
(#31281417)
i agree. and the other paradox i keep thinking about is everyone says houses are too expensive it’ll to buy, but every house sells within 1-2 weeks on the market
[ Parent
| on HN ]
Re:Homes in 97% of U.S. cities are overvalued, Moody's says
by seanmcdirmid on Friday May 06, 2022 @12:56AM
(#31281467)
I thought that was weird also until I became a homeowner (in Seattle). There are two other townhomes in my cluster, both are owned but unoccupied most of the time. My neighbors have other homes, one is technically owned by parents in China (who might occupy it someday, my wife is Chinese so chatted about it with the person who occupies it occasionally). It might be totally weird luck, but maybe those houses are being bought by a small segment who are acquiring multiple ones?