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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our neighbors are selling but we won’t be ready to sell for a few years. If this is a unique situation or a bubble, how do neighborhood price comps work then? [/quote]
That "market" doesn't care about comps. What it cares about is what someone is willing to pay.

A "bubble" by definition means, more buyers than sellers, hence the frenzy. If and when you decide to sell, the buyer/seller ration will dictate what someone's willing to pay in your neighborhood.

p.s. Wait till all these "new" buyers get property tax assessments, once they close. The shock and awe will be hilarious to watch. "OMG!!! my property taxes went up by...the previous tax bill was only...I can't afford to pay that much....what should I do...."[/quote]

You find the prospect of someone being unable to afford their recently purchased house "hilarious"? You must be fun at parties...[/quote]

Even better Risk 2.0 jacking flood insurance a lot in 2022 on some homes along with property taxes. 
My old neighbor a few homes sold all redone top to bottom for 700k that were only worth 400k in 2013. They all got a few feet of water in Sandy and none raised and all have super low flood insurance. That is starting to change in 2022 where rates rise 18 percent a year till full risk rate. My old neighbor payed $600 a year full risk Is estimated to be $3,000.

Plus new buyers going to be hit with higher assessements in taxes too.

My neighbor he claimed property tax will be $1,500 a month and flood insurance $300 a month in five years so sold. Plus $200 a month homeowners he is up to $2,000 a month mortgage free. Which he was but new owner spend $950k. [/quote]

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