Some homeowners who love their homes and have no desire to move (like F and me), are finding this real estate bubble to be amazing and infinitely entertaining. I'm living in what is literally my Dream Home, the house that I always wanted all of my life. F is happy with his house as well.
What amazes me is not only the great increase in selling prices in our neighborhood, but also (looking at the online photos), what DUMPS some of these places are inside. Honestly even among the non-dumps I have not seen any that I would want to live in. They don't even bother to clean, renovate, or fix anything between grampa dying and the heirs taking photos of his house for realtor dot com. Despite that, houses are selling really fast.
Another astounding thing (to me) is that in our neighborhood, empty lots are now going for more than I paid for my house+lot back in 2015. We live in an older neighborhood with mostly houses built in the 1950's and 1960's, but builders are buying up lots and building on them at a pretty rapid pace. Yes, even with the high price of building materials they are still able to do this somehow. The prices of these new homes are sky high, almost (but not quite) "California prices".
Who needs TV or movies? Just checking realtor dot com to see what came on the market in the past few hours and for how much, is a thrill and a half.
But as Frank puts it, "If we sold our houses, where would we live?" Good question since it seems like house prices are increasing a lot in every location where we might want to live. So, we are happily staying put and watching the show.