I feel horrible for first time wannabe home buyers. There are basically no options available for them in most places right now.
There are a lot of overbid, speculative purchases, being initiated by profit seekers and people who actually just want a deed on a decent place to live, are stuck paying bloated rents.
We have a small but efficient, early 80’s, two bedroom custom ranch, on 3 acres and our valuation has gone up an absurd 25% in the past year.
Greenfield taxes are already horrifically high, I told my wife she is never to allow an assessor inside to see the improvements we have made.