this post was submitted on 30 Dec 2024
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I bought a 3br 2ba 1.7k sqr house in the suburbs in 2017 for 135k and a hybrid car with 10k miles on it for 20k a few years ago. I'm really confused at these numbers. Are people just living outside their means and hoping collectors won't come knocking? I was making 55k at the time and I had no real financial troubles.
Can't speak for everyone, but COVID really drove up prices. Imo, there has been some gauging since then by keeping supply low. However, at least in my neck of the woods, prices seem to be going down and feels like we are getting back to pre-covid.