@[email protected]M to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish • 7 days agoThe Spread Between New and Existing Home Prices is at Record High of Approximately $68,000lemmy.worldimagemessage-square16fedilinkarrow-up115arrow-down12
arrow-up113arrow-down1imageThe Spread Between New and Existing Home Prices is at Record High of Approximately $68,000lemmy.world@[email protected]M to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish • 7 days agomessage-square16fedilink
minus-square@zero_spelled_with_an_eckslinkEnglish4•7 days agoDoes this have anything to do with new homes being built way out in the middle of nowhere while everybody wants to live close to things?
minus-square@[email protected]OPMlinkfedilinkEnglish1•7 days agoThat’s part of it but I’ve been finding new construction is cheaper pretty much anywhere compared to a comparable home. A lot of people have 2nd and 3rd mortgages on their homes and need to sell at their all time highs Builders don’t have this problem.
Does this have anything to do with new homes being built way out in the middle of nowhere while everybody wants to live close to things?
That’s part of it but I’ve been finding new construction is cheaper pretty much anywhere compared to a comparable home.
A lot of people have 2nd and 3rd mortgages on their homes and need to sell at their all time highs Builders don’t have this problem.