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In Reply to: Homes have gone crazy! posted by Rod M on June 7, 2021 at 20:01:02:
...that's not uncommon (depending on the area/market). Worse yet, there are people that can't afford to stay in the homes that they already own.
I have friends in Livingston, MT whose family owned a large ranch for several generations. Livingston was a "blue-collar" RR, mining, and ranching area. Once the Hollywood "elites" got done destroying Aspen, CO, they started buying-up property and building in/around Livingston. Property values and property taxes went through the roof. The "locals"--many of which had been there for multiple generations, couldn't afford to live there anymore. They could "cash-out" and sell the land at a huge windfall, but they couldn't afford to stay there in the life that they knew.
"And today is for sale and it's all you can afford. Buy your own admission. The whole things got you bored. Well the Lord chooses the good ones, and the bad ones use the Lord"--a very dear friend for decades Michael Stanley (Gee)--RIP
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Follow Ups
- "I couldn't afford to buy my house today"... - dark_dave56 07:39:38 06/09/21 (0)