Today's Real Estate Thoughts
I am concerned about the current steep rise in overall housing prices. The sales prices are rising quickly, but that's only part of the equation. Rental prices are rising faster. Demand keeps rising and inventory is nearly constant: thus prices climb.
Part of my concern is simply access to affordable housing. As this is a fundamental human need, issues with access deeply trouble me. Another concern , though, is on first time home buyers, those just starting out. In this kind of marjet, it's hard to keep up. And the rising rents eat away at your ability to buy.
Ultimately, though, markets balance out. Patience is crucial, I guess.