Quote:
Originally Posted by BYU 14
Despite the higher interest rates, ours still went up 3% or almost 14K in the last 30 days, and at this point it is investment companies killing the market for most folks here in the Phoenix metro area.
It is insanity and there needs to be legislation to stop this trend of these big companies driving up the market and pricing middle and class below completely out of it.
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They're pricing the middle class out of the home buying market and driving up rental prices at the same time. We dumb lucked our way out of renting at the perfect time. The price of renting has gone up so much in this area there's no way we could have put ourselves in position to buy anything close to the house we got if we were still renting. That's ignoring the increasing costs of homes. We're up 50% in 21 months and I'm fairly certain that's low if were to put in the work to stage the house to sell.