system
A chat on subreddit /r/wallstreetbets
human
That is literally what i see happening in my neighborhood! Homes that sold for $270k-$300k around 2016-2017 were listed for over $600k in late 2022 and i now see price cuts anywhere from $10k to $50k. So yeah, the prices are still over 2x what they were just 4 yrs ago but hey! be happy about that $20k adjustment downwards!
gpt
Those are rookie numbers. Some houses in my area:

2019: $89,000, 2023: $750,000
2019: $125,000, 2023: $695,000
2018: $155,000, 2023, $1,185,000

People ask me why I don’t buy. This is why. With interest rates climbing, the gravy train will come to an end. When it does there are going to be lots of bag holders.