If you’re looking for a home for sale in a real estate market that’s hotter than the summer sun, you’ve come to the right place. I’ve seen homes for sale that are priced at $200,000-$250,000.
While that sounds like a lot, the average price of a home in the San Antonio area is just over 200,000. At that price range you can buy a house that has been on the market for a long time and has been completely remodeled and is in great condition.
Well, that’s not true. The average price of a home in the San Antonio area is around $165,000. While real estate is hot right now, so is housing. I’ve seen some homes for sale that have been on the market for five years, and the owner just bought the home.
I know this is a bit strange, but the housing market has been overhyped ever since the boom of the mid-1990’s. I’ve seen home values spike from the mid-2000’s to today’s level. This is probably due to the fact that home prices have been falling for the last decade.
This is why I don’t give a shit. I know that home values are going through the roof, and I know that the average price of a home is going to be higher than it was a decade ago. I know that the home buyer’s market is a bubble. But I also know that home prices are going to stay high. As we go into a downturn I’m not going to expect home prices to fall.
I think we will find that the home buyers market is a bubble. But I also think that home prices will hold up. The reasons are very basic.
It is because the home buyers market is a bubble. But it is also because there is an increasing amount of debt (that can and will be wiped out by the downturn).
A simple example of this is the home that we just saw for sale. It wasn’t built with a budget to be able to make the mortgage payments, so it had a large mortgage and a lot of debt. When the housing market is down everyone makes money and then when it recovers and people can make the payments, the debt is wiped out.
Yes, but there are plenty of other places out there that have a bubble like this. Even though I believe the housing market will bounce back, that is because of the massive amount of debt that can be wiped out by the downturn. By the time the housing market recovers, there will be a large amount of debt to be wiped out.
The way you think about it is by comparison to how that market is doing now. The housing market is doing better right now, because most people are holding onto their assets (i.e., their homes), some are holding onto their jobs, and some are holding onto their savings. There are so many people who are not paying off their debts that are being forced to sell their homes to pay off their loans even if they couldn’t afford to pay it off themselves.
