As an of patnet member I remember this housing thing before. Right now houses in reseda are going for 600+ and west hills for 800+. I’m talking small entry level homes. This seems insane, bubble prices again, but somehow people are buying... are we in a bubble or just some people got a ton of cash?
I frequently get mailers with realtors saying they have sold real estate worth billion. e.g. see this lady: https://www.chawlarealestate.com/ Claiming 1.3B in total sales and many 10s of millions since beginning of this year.
If she is able to keep 1% after expenses, She has already cleared $13M in income.
Thinking of selling now and moving honestly...