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Topic	23 yr single mom in 1988 with no education could buy a house
Cleo_II 02/11/22 6:42:01 PM #135:	Yeah I wasnt talking about SF particularly, just that its very possible someone bought a $70k house in 1988 that jumped to $900k now in that kind of market but its not the norm when looking at total US numbers. The last year for housing has been bonkers though. I believe just 2021 saw around 20% median increase. And were on track for another 20% for 2022 according to some estimates. My current house estimate went up over $100k already and we just closed it in November (SoCal market). Low inventory and a rush to lock in rates before they climb is driving some kind of frenzy. Wfh is allowing tech people to buy up all the cheaper housing in full cash, locking out local families from owning. Its definitely a shit show. <cite>Cleo_II posted [p:962571268] in 23 yr sing... [t:79894750]...</cite> <quote>Yeah I wasnt talking about SF particularly, just that its very possible someone bought a $70k house in 1988 that jumped to $900k now in that kind of market but its not the norm when looking at total US numbers. The last year for housing has been bonkers though. I believe just 2021 saw around 20% median increase. And were on track for another 20% for 2022 according to some estimates. My current house estimate went up over $100k already and we just closed it in November (SoCal market). Low inventory and a rush to lock in rates before they climb is driving some kind of frenzy. Wfh is allowing tech people to buy up all the cheaper housing in full cash, locking out local families from owning. Its definitely a shit show. </quote> ... Copied to Clipboard!
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