The articles abound on a daily basis – are we
in a real estate bubble? Investors have been turning from the stock market to
housing for years. First-time homebuyers have been squeezed up and out of the
market. Dilapidated houses are selling for extraordinary amounts of money. Hmmm
… On WINA
Wednesday morning, there was a discussion about the lack of affordable housing.
One gentleman called in and said that this discussion is misleading as people
can
obviously
afford the housing as the houses keep
selling! He went on to enumerate his
reasons, primarily the fact that buyers from other markets are coming here with
their California, Boston, New York money etc. and buying the houses … it’s
just local people who cannot afford the housing.
in a real estate bubble? Investors have been turning from the stock market to
housing for years. First-time homebuyers have been squeezed up and out of the
market. Dilapidated houses are selling for extraordinary amounts of money. Hmmm
… On WINA
Wednesday morning, there was a discussion about the lack of affordable housing.
One gentleman called in and said that this discussion is misleading as people
can
obviously
afford the housing as the houses keep
selling! He went on to enumerate his
reasons, primarily the fact that buyers from other markets are coming here with
their California, Boston, New York money etc. and buying the houses … it’s
just local people who cannot afford the housing.
