system
A chat on subreddit /r/wallstreetbets
human
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.
gpt
What area is that?

The hottest markets in the country rose around 75-120% during the pandemic.

You are claiming that you are seeing up to 800% price rises over that same period. I’m guessing these houses aren’t typical (major renovations, long time between sales, etc.).

Median home prices may have more than doubled where you live, but they certainly haven’t quadrupled.