Subj : Re: New to this
To   : boraxman
From : Nightfox
Date : Fri Apr 18 2025 10:03 am

  Re: Re: New to this
  By: boraxman to Gamgee on Fri Apr 18 2025 05:02 pm

 bo> In Australia house prices have been pretty much going up steeply, almost
 bo> continuously for 20 years.  Even on a managers salary, I could not buy the
 bo> house I grew up in, and neither of my parents finished school.

House prices have been going up in the US as well, and I feel like house prices have especially skyrocketed in the last 5 years or so.  It definitely feels like a seller's market. I feel like with the prices the way they are, I don't know how so many people can afford them, and I wonder if the market is going to burst and prices might have to come down.

I bought a house in 2015, a 1,644 square foot 2-story house which was $295,000 at the time (house prices widely vary acros sthe US, but I think that was about average here for that house at the time).  I sold that house in 2020 when I got divorced, and now, a seller would probably be asking around $420,000 or more for the same house. And I'm in a (fairly good sized) suburb; in the 'big' city we're next to, I've seen house prices upwards of $700,000 and higher for an average house with nothing really special.

Nightfox
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