Our neighborhood is so hot right now houses sell in one day at full price or get into a bidding war. Up to 30 back up contracts. Its crazy but we are taking advantage and selling our house and Mom’s. Taking the profit and moving to the mountains.
Too much fiat currency buying fixed supply of goods.
If what happened in Ca in the mid 70s happens across America now, house prices double in 4-5 years, driving up real estate taxes. Where there is no limit set on how much the appraised value can rise, the taxes drive individuals on fixed income out of their homes as they cannot pay the taxes.