Name:   MartiniMan - Subject:   Crazy high real estate prices Date:   4/5/2022 5:29:18 PM

I generally agree with you.  But for me anyway, even if I paid cash for the house it would likely reduce my enjoyment of it knowing that it dropped in value by 50% not long after I bought it.  Not everyone thinks that way and more power to them but I think many people understand the difference between overpaying for a second home and overpaying for a primary residence that you plan to live in for the long haul. 

We considered selling our home in Marietta as it is now worth more than double what we paid for it.  But we have to live somewhere and my wife is not willing to move to the lake.  She has friends, our parish, her golfing associations, etc. and so we would just have to turn around and overpay for something else.  And rental rates are even worse in terms of a bubble so that's not a great option either.  Like I said, the smart money will sit on the sidelines right now and wait for better times.  In the meantime we are blessed with a very nice lakehouse that is paid for and only pay $1,400 per year in real estate taxes.  We can still enjoy the lake life very economically......except the two boats and jet ski.....hole...pour money into....make more holes....pour more money.