Reply to I think the bubble is popping.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The home is OVERPRICED and AFFORDABLE at same time.

Right now for average first time buyer given economy and super low mortgage rates homes are Most affordable since 1984.

But someone like me looking to sell and pay cash as near retirement I think it is widely overpriced.

If borrowing a primary the super low rates are great!!!

If like me looking to buy a place in Florida or beach area to retire second home prices are sky high! I am not borrowing so I just get High price. I used to have arbitrage of sorts sell my desirable close in to city home top dollar and buy a cheap place to retire. Plus the low mortgages are not much help old people. My fathers in-laws just retired to Florida at 78. House became too much. A low low mortgage won’t have any where near the payback of a 38 year old.

Bottom line the 5 percent down starter home crowd may be overpaying by month to month lowest cost since 1984.[/quote]
You have absolutely zero idea about what you're talking about.[/quote]

Starter/retirement and vacation homes way up in price. My home not that much. I say that as my vacation beach condo worth 1/3 the cost in 2019 went up more in value than my primary. It is garden apt style so popular as more like a house than apt

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Like I was saying....no freakin clue...[/quote]

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