Quote:
Originally Posted by unsunghero
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My realtor I saw at a family gathering over Easter weekend since he’s a family friend. He asked how I was liking the house and I joked that it was going up $1000/day
I was totally kidding, but I just looked it up and it did indeed go up in value $30k in the last month, which comes out to $1000/day
House makes way more money than I could…
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Yeah I have no idea when this is going to end. You'd think it would start to slow with mortgage rates going up but in an already low inventory market with companies like OpenDoor coming in and buying your shitty home straight cash to flip it I bet it keeps going for another year or two. You should ask your friend what percent of homes are getting sold to companies instead of families. I'm kinda curious. I heard its like 30% nowadays but no idea if thats true or not.