The bolded is the real crux of the community issue. The home inventory that was removed from that $100-$200k annual family/couple income class (even spouse couples making $250k around here) in many areas has definitely upped the ante. The teachers, police, city hall employees, middle management to director levels of hospitality/service industry, business owners, etc are all out on buying stuff around here now it seems.
I think about what Phin’s place went for, the land, size, view, etc. That might get you a fixer upper on small land around here now. Or maybe just a 2-3 bedroom condo/townhome? I’m tempted to go all in to some remote spot but I missed that boat by a few years lol.
Even if you find something you can afford, it’s bought cash sight unseen overnight. Forget the time to make sure financing is in line. That’s one of the biggest hurdles for most of the folks who could’ve worked towards those $250-$750k level homes…competing with all cash offers, no inspections, etc on real short notice and they are all now $750k+.
It’s just market forces at work and it’s no one’s fault… no person has a right to live somewhere anymore than another human… but it’ll be interesting to see how the communities proceed because you still need prime age work force people to make things “go.”