Whose complaining? My husband and I sold in the Los Angeles area and got a much nicer house outside LA. A house we were looking to buy a year ago at $325,000 just sold for $435,000. And that is in less than a year. The one we decided on and likely will keep for the duration has done as well or better.
Here I thought we were spending our kids inheritance. Instead we end up with some real cash and a house that will soon be worth as much as the one we sold in Los Angeles so the kids still will get something.
---Here I thought we were spending our kids inheritance. Instead we end up with some real cash and a house that will soon be worth as much as the one we sold in Los Angeles so the kids still will get something.---
If housing continues to go up. A problem in California is that people who basically can't afford to pay for a house are buying them anyway and hoping that the equity they'll accrue in the next few years will give them a down payment on a house they can afford. Money from outside and insane loan practices are driving the market, but for how long.