Why the real estate market continues to explode

There is no way this is going to end well.

Selling your home is easy. Trying to find a new one is darn near impossible. It is like a game of musical chairs.

Cash buyer was likely an investor. Client who bought the sellers next home also an investor. Investors coming in with cash, overpaying and inflating the market. Families looking to buy getting pushed out because its no longer affordable.

Flaunting one's wealth in what use to be a middle class neighborhood isn't going to end well. Just because you can doesn't mean you should.

I’d like to make a suggestion. Perhaps you could do a story on how the great real estate boom is putting more people on the streets. I live just outside of Austin Texas and as a result of this wonderful boom my landlord sold the house I’ve lived in for five years which was fine until I started looking for another place. The rentals have ALSO DOUBLED AND AS A RESULT I’m going to be homeless as of the 31st of May. Many people like me are struggling to find a new home and WE CAN’T. We’re being outbid for apartments by the hundreds. Maybe someone can do a story on how the great “reshuffling” shuffled thousands of us into the streets with no where to go. I’m spending my 54th birthday homeless after working hard all my life. Thanks to whomever is responsible for this.

Be fearful when others are greedy! -Warren Buffett

So you're telling me people like Alicia are selling their homes ridiculously high and then purchasing their new home ridiculously high? Ha! The only winners in this market are real estate agents.

"And they are looking for smaller, more affordable starter homes" Meanwhile when I look around I just see mcmansions

Took me years to get my act together enough to buy a house. Now I still can't buy a house because I can't afford to outbid someone by 30,000+ over list price. It's almost like, why even try?

An entire generation priced out of the market.

You want to buy a home low and sell high..not the other way around…this is not going to end well

Not getting an inspection is insane

I'd like to buy one of those garages with the house attached.

Just bought a condo here in San Diego County, 2 bedroom, 1 bath for 195k in a sub-urban area 🥳. It helped that i’ve rented where I bought from the owner for the last 5 years!

Did they really send a camera crew to film that lady getting interviewed through a computer?

This is SO painful to watch. Buying a home feels like such a distant dream.

People are turning these once gorgeous homes into Airbnb’s, families and renters literally don’t have a place to go. I have like three options for apartments in the Valley currently. Two options to buy. Don’t use Airbnb! They are finding this to be a big contributor to the problem!

Feel bad for the people who grew up there and now can't afford to live there

50 cars lined up in a driveway to pay double for a postage stamp-sized lot and a slapped together house in a suburb that looks* Just Like* all the other houses, in an HOA that puts a lean on your home if you dont do as they say and make your house boring like all the others. No Thank You!! There's a sucker born every minute. Good for sellers and realtors, I guess.

The only ones I feel bad for are the young 20-35 year olds that have been priced out of the market because of jerks with money paying ridiculous amounts over a reasonable home price. Looking forward to a crash that corrects all this. Edit: I feel for father's living in campers so the ex and kids can stay in the house. Or the single senior women who can't find safe affordable housing. Or the young couple with small kids who grew up in and stayed in a small town only to be outbid by out of towners.