[toomanyrichers]

> What blows me away is that it appears to have no bearing to what people can actually afford?

If the houses aren’t sitting on the market, people can afford them. I think what actually happened is people realized that housing was underpriced. Which is insane in terms of the raw numbers, but it’s the truth: lack of supply along with increasing numbers of buyers means that the market really is that hot.

Sucks to be late to this party.

[wing-_-nuts]

Building a little cabin out in the woods with starlink is looking increasingly tempting honestly...

[latchkey]

Even easier and more mobile... buy a campervan and hang out in national forests.

[wing-_-nuts]

Gotta have my owner shower and shitter. There's a certain level of basic hygiene I refuse to go below.

[jplusequalt]

I don't buy this at all. There are shoddy houses in my area that were sold in 2021 for $100k that are now on the market for $250k in 2023. We're in a bubble.

[Tade0]

Looking at China's experience, we're in a situation where demand is increasingly coming from investments.

HouseCoin if you will.

[toomanyrichers]

This:

> There are shoddy houses in my area that were sold in 2021 for $100k that are now on the market for $250k in 2023.

Does not imply this:

> We're in a bubble.

[wing-_-nuts]

When things get to the point where the average person living in a zip code cannot afford to buy a house in said zip code, it usually is.