Circuit court justice Diane Goodstein, who ruled against Trump administration last month, was out walking when mansion erupted into flames
Circuit court justice Diane Goodstein, who ruled against Trump administration last month, was out walking when mansion erupted into flames
I live in Tampa. Houses around me are getting pulled down and replaced with 1-1.75M houses at a frightening pace. This has to be a bubble, nobody who works here could afford the rent or mortgage on that. Taxes alone on a 1.5M house would be 24,000 per year!
It is a bubble, and we don’t have to go to extremes.
https://www.trulia.com/home/8132-brinegar-cir-tampa-fl-33647-66670152
This house was on the market for $270k, suddenly it’s vacant and going for $575k. Likely the owners couldn’t keep waiting and sold it to a company that put a fresh coat of paint on it and ballooned the price. It’s still not close to $1, and to pretend like you can’t get a decent house in Tampa for less than a million is just apologizing for rich people.
It’s only a ‘bubble’ if the average idiot stops simping for people richer than them.
So no, it’s not a bubble. This is the new reality where the ownership class continues to own more property and the morons renting can rent for the rest of their stupid lives.
This is the system we’ve built, and now we have to live with it.
You will own nothing and like it. Don’t forget to pay your netflix and spotify subscriptions! The people profiting off of those subscriptions need more houses to buy so they can rent them out!
That’s not even in town, New Tampa is technically part of the city but way north, past parts that are unincorporated and farther than Temple Terrace.
We bought our house a few years ago for nearly 300k, and I was so upset because I thought we were at the top of the bubble then. Like, there is no way a house is worth that, it’s insane. But now a smaller house on our road wants $600k (new coat of paint, as you say) a literal empty lot sold for more than our house cost, and they are building horrifying monstrosities like this, it’s so ugly!
https://www.zillow.com/homedetails/1808-W-Erna-Dr-Tampa-FL-33603/2052977072_zpid/
I am old enough to remember 2 crashes, one I bought my first house, a shithole but so cheap, and then the bank bailout crash. What goes up comes down, and it always begins with the ‘we will buy your house’ flyers in the mail and people saying real estate always goes up.