Photo 1: The house that my wife and I closed on in August 2020 for $374K with a 2.375% interest rate.

Photo 2: A house currently for sale in the same city for $375K in May 2024 with rates at 7%

If you need further comparison…

Photo 1: 3 bed 2 bath 3,088 sq ft (unfinished basement) with a 3 car garage on 0.5 acres

Photo 2: 2 bed 1 bath 866 sq ft, no garage, 1 acre

The difference between buying today and buying 4-5 years ago is absolutely crazy.

https://www.reddit.com/gallery/1d3tzr4

by BarracudaCold3941

4 comments

  3. This market is insane and I’m afraid it’s going to crash.

    I just don’t see how this is sustainable.

    Who is buying these houses at these prices and interest rates?

Leave a Reply