The real estate market has completely screwed over the younger generation.
This house is just one of many in this area that has skyrocketed in price.
It sold in 2014 for 240k
Sold in 2018 for 274k
A gain of 34k in 4 years.
Now it’s on sale for 463k. A gain of 189k in 7 years. Insane.
And it’s not alone with that trajectory.
Real estate market has gone bonkers.
byu/Ok_Conflict1835 inRealEstate
Posted by Ok_Conflict1835
12 Comments
Hasn’t sold for 463- they are asking 463. Agree with your general point.
Ok, but now adjust the price for the same time period with the price of Bitcoin/Ethereum.
Thats less than 6% annual appreciation.
Should be triple that.
Houses go up at least 10% annually no matter what.
The S&P 500 has more than doubled since 2018. Why do people get up in arms on various asset prices that lag the stock market over time?
Meh still plenty of spots to find cheap options. You used to be able to stay with one company and not have to job hop. My opinion is that it’s a good time to housing hop, go find a spot with a strong employer and cheap housing nearby BUY don’t rent, get smallest for your needs if you don’t make much, do upgrades learn renovation skills, sell at some point or rent it out.. yes it’s very hard to stay in the same area without a head start of inheritance or other financial support but going out and finding enough success to come back and buy later is ok too
So it greatly underperformed the NASDAQ…
In my area, houses gain between $50k-$100k a year. So $189k in 7 years? That’s pretty good deal.
You’d think demand destruction would eventually kick in, where people lose interest and move on to other things… and yet here we are watching house prices as if they’re on some spiritual journey to the moon.
are you just now realizing this?
Stop living in overpriced shitholes then. Most Midwest towns under a million people you can get a 3/2 for $200k. Which is about a $1300 payment.
The price history is misleading sometimes, often there’s a renovation or major repairs when you see an odd increase.
Plenty of affordable markets and it’s a buyers market in most.
Interesting article on how more millionaires are renting
https://www.nytimes.com/2025/09/04/realestate/millionaire-renters-homeownership.html