We're in a good spot and haven't paid much attention to this craziness. It hit home last week for our family. My parents rent and the market here has been out of control. We paid 350k for our home new and 6 years later we got a cash offer for 700k from a realtor door knocking!
Thing is what's the point in selling because it seems high all over.
So like I said my parents rent and have been paying 1400 a month for the last 5 years. The owner stopped by and said he was very sorry but with this market he's selling his rentals.
So they start looking and there's no places to rent. When you do find one it's a dump for 2k a month!
You guys seeing this in your states? Pretty scary if you're a renter right now.
Thing is what's the point in selling because it seems high all over.
So like I said my parents rent and have been paying 1400 a month for the last 5 years. The owner stopped by and said he was very sorry but with this market he's selling his rentals.
So they start looking and there's no places to rent. When you do find one it's a dump for 2k a month!
You guys seeing this in your states? Pretty scary if you're a renter right now.
Comment