Wednesday, June 23, 2021

Atop the Bubble

 It has happened before. 

A headline from The Wall Street Journal this morning proclaims

U.S. Existing-Home Prices Hit a Record in May, Rising 24%

The bubble of home prices.

Yes, it is a great time to sell, but only if you have to or you have a place already established to move into because it is not a great time to buy a home. 

It creates a conundrum for those of us on the bubble. 

To sell or not to sell? That is the question for which Chris and I have spent much time discussing. 

When will the bubble burst?

When will the supply of homes meet demand?

When will interest rates climb and push prospective buyers out of the market?

When will inflation rob us of the opportunity?

What is the break even point of selling early but having to rent until we fully transition?

And then remember--with the higher prices come higher assessments and the TAX MAN cometh!


I wish the whole problem matched the timing of our plan more. 

-- Bob Doan, Elkridge, MD

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