^This.
My home has tripled in value and I've made little improvements but if sold, where to go? All other nearby real estate is exploding in value also.
In my family member area of Corona Del Mar, CA, a number of million dollar beach bungalows are foreign owned with being occupied only 1-2x a year.
I've got the same issue. I could make a huge profit by selling but then I don't know where I'd live. I guess I could rent a something for a year and hope the crash happens in that time frame and then buy an even nicer house for less than I sold mine for but trying to time it would be risky.
I never thought I would question my home is worth so much, if sell where to go? A cheaper cost of living area does have its drawbacks, health care, education, social services etc,
If you feel real estate is at the peak and the bubble will burst soon, you could probably find someone to sell to who is looking for the investment and rent it back from them. They take the risk of the bubble bursting and you get to stay in place until the market drops enough to buy a different home. The downside is needing to find a shelter for the gains in the meantime if the bubble doesn't burst quickly enough.
The last real estate bubble burst because predatory loans were being pushed by banks and ignorantly accepted by borrowers unsustainably. On top of that, those bad loans got repackaged in insanely chopped up trading such that the holders of the debt couldn't even determine whose debt they were holding. Of course that crashed.
Supply chain issues and add to that , severe labor shortage issues to build homes. New homes are being built and plywood is being walled up where garage doors would have been, lack of garage doors in inventory.
Well, when you put it like that it doesn't sound so bad.
These are exactly the same discussion people had during every bubble since the 80s.
We've seen "bubbles" since the 80s. Everyone tries to time them. Most regular folk aren't able to. Assuming the supply chain issue won't be resolved one day & a building boom won't suddenly begin is one more big "maybe." There is not a lack of housing now-There is inflated 'bubble' pricing preventing millions from finding AFFORDABLE housing.
Good use of some barren desert."Disney will host a groundbreaking ceremony on April 26 for Cotino, its new Storyliving community in Rancho Mirage.
Invitations to the 10 a.m. ceremony were emailed to the media Tuesday.
A spokesperson for Disney said Thursday afternoon that the groundbreaking would not be a public event."
Disney: Groundbreaking ceremony for Cotino in Rancho Mirage set for April 26
Invitations for the April 26 event were emailed out Tuesday.www.desertsun.com
Mine must've got lost somehow. Kinda bummed I didn't get invited!"Disney will host a groundbreaking ceremony on April 26 for Cotino, its new Storyliving community in Rancho Mirage.
Invitations to the 10 a.m. ceremony were emailed to the media Tuesday.
A spokesperson for Disney said Thursday afternoon that the groundbreaking would not be a public event."
Disney: Groundbreaking ceremony for Cotino in Rancho Mirage set for April 26
Invitations for the April 26 event were emailed out Tuesday.www.desertsun.com
. Also the possible logical end-game for Chapek Bucks 
unclewalts.com
Plenty of people though deal with those types of covenants without it being a million dollar home. Probably still that way at Celebration.This would seem to be targeted to an upper-middle class demographic who will call the home their primary residence. I don't think similar restrictions would fly for them, but I guess time will tell on how this all pans out. Personally, I don't think I could justify buying a $15m home while I can't even choose a shrub for the front yard... it's not a problem since I couldn't afford it anyway.
On a separate note, I do have to wonder if Disney will truly be in this for the long haul in terms of the ongoing operation of the club. One of the selling points of the community is the "legendary Disney service" but I'm really not convinced they're going to have CMs on the company payroll working there for decades to come.
