frenchyd said:Snowdoggie said:I really don't get it. Who is buying right now? We are in the middle of a pandemic and nobody wants buyers walking in and sniffing around their residence. Everybody is getting laid off or getting their hours cut.
Jacking up property taxes for people right now is just adding to the malaise.
Everybody? Perhaps in your group but don't forget there is a whole group of people who are trust fund babies or upper management. Successful people, errr perhaps I should say financially successful.
Those are the ones who are paying what you think are silly prices.
You obviously don't know my group very well. I have two uncles who are worth several million dollars each. One retired from a C Level executive position in a Fortune 500 Company. The other owns a huge ranch that has been in the family for generations and has served time as a State Representative. Most of Mrs. Snowdoggie's relatives are doctors and her cousin is married to a U.S. Senator. Between us we own two houses, one fully paid for and the other that will be paid off in two years. Nobody we know is buying or selling in this crazy market.
I also know a lot of people who are suffering from high rents and lousy wages and a few who are not working for the first time in their lives.