People are renting out there homes instead of selling which could send the prices of houses down. However, we also have low vacancy rates, so they could and have gone up.
Premiums for a better school, a view I can see, but what will our children do? How will they get the American Dream if you have to be a doctor/lawyer/Bill Gates to buy a house at that premium?
Houses prices are completely out of whack with incomes, therefore they are unsustainable,that’s what the folks here are saying. Falsely inflated,fueled by mass hysteria, greed,and criminals trying to squeeze every last dime out of people who’s only hope was to get in before it was all gone. It’s gotta come down to more earthly levels . Though I personally believe that(most)folks here seem to think those prices are going to be cut in half. I personally can’t see that happening since not everyone bought their homes in ’04 or’05 and can well afford their mortgages.
Rents like everything else will go up, they always do.
