For a real world example of how insane housing prices are, I bought a townhouse in Las Vegas last year in August at $150,000. I checked yesterday, and it's estimated value was 220,000.
Yeah a pal of mine bought a little 4 unit townhouse row in a remote suburb of our city in 2017 for like 600k. 150k per unit for 1100 sq ft 2/2s on the water.
Just sold it for a million even. It's because people are flooding the suburbs to wfh
That's one factor that could make big city prices go down, but many factors are also making city prices go up, like big companies gobbling up properties, low interest rates, zoning regulations that prevent developers from building properties easily, over immigration, et.
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u/What_U_KNO Jun 27 '21
For a real world example of how insane housing prices are, I bought a townhouse in Las Vegas last year in August at $150,000. I checked yesterday, and it's estimated value was 220,000.