Escaping? Or metastasizing?
Do you think all those “cash buyers” were investors? Friends of mine still in the business in Houston have been telling me over the past few years that cash buyers are the norm. If they’re not investors, where are they getting the money?
My neighborhood is finally almost built out. The builder was rocking and rolling for a year but the last ten homes or so have taken them a while to sell.
I don’t mind if people think they have to have an 8,000 square foot house with a Bentley and a Ferrari as long as they’re working for it. I don’t even mind if they inherit the money. if you steal from a business or government to get that stuff, then you need to go to prison. There’s way too much stealing going on in this country.
In our area very little construction. Mostly we are seeing one or two houses being put up on the last two lots in the SD or a SD that has sat idle for year will put up a few spec homes.
And there's the problem right there. You screw it up, you stay in it.
I offed my McMansion and completely downsized.
Now I live in a small home, on a couple acres down a dirt road. And the best is - NO Mortgage.!!!
Don’t want to worry about payments especially as I get older.
One of my friends once said:
“You don’t own a big house, a big house owns you.”