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The Water Cooler
General Discussion
Inflation - Tulsa Home Builders Edition
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<blockquote data-quote="NationalMatch" data-source="post: 3712066" data-attributes="member: 48586"><p>I have some friends who fled kalifornia for Idaho. They contracted to build a home for $500,000. By the time it was finished, they paid $1.2 million. </p><p></p><p>This isn't just a local phenomenon. </p><p></p><p>I'm even seeing houses that sold in 2019 for $X, now selling for $X times 2. Or more. </p><p></p><p>I read that interest went up this week. Rumor has it that it's the first of several increases. That typically slows sales down which brings prices down. We'll see.</p></blockquote><p></p>
[QUOTE="NationalMatch, post: 3712066, member: 48586"] I have some friends who fled kalifornia for Idaho. They contracted to build a home for $500,000. By the time it was finished, they paid $1.2 million. This isn't just a local phenomenon. I'm even seeing houses that sold in 2019 for $X, now selling for $X times 2. Or more. I read that interest went up this week. Rumor has it that it's the first of several increases. That typically slows sales down which brings prices down. We'll see. [/QUOTE]
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