But not because your house is 17 years old but because of the ongoing housing crisis!
I’m not sure I understand what you’re trying to say with this. Existing housing rises in costs for all kinds of reasons, certainly not just one. Yes, demand for housing is one of those factors…but it was a factor back then too.
I am sure that adjusted for inflation and the then average house prices then then and now a new house would be worth exponentially more…
The adjusted for inflation value of my house when I sold it was $193k while the selling price was $245k.
-I can try rephrasing it, but you should either use external help if this is not your first language… Because your house turned 17, it did not become more valuable! It became more valuable because of the ever more worsening housing crisis! A new house relative to the then and now house prices would cost exponentially more than that of a 15-60-110… one
Superb! If you sold it new you would have gotten more for it
I’m not sure I understand what you’re trying to say with this. Existing housing rises in costs for all kinds of reasons, certainly not just one. Yes, demand for housing is one of those factors…but it was a factor back then too.
The adjusted for inflation value of my house when I sold it was $193k while the selling price was $245k.
-I can try rephrasing it, but you should either use external help if this is not your first language… Because your house turned 17, it did not become more valuable! It became more valuable because of the ever more worsening housing crisis! A new house relative to the then and now house prices would cost exponentially more than that of a 15-60-110… one
Superb! If you sold it new you would have gotten more for it