Taxi to Parking
- Feb 25, 2005
- Display Name
I understand what you're pointing at, but it's a distinction without difference. I need housing now regardless, like they needed it then. Available stock is apples to apples, regardless of what form it's available in. You're pointing at the marginal utility of housing, and yes that is a comparison that doesn't have a parallel. But that's not what I'm highlighting though.
Additionally, median price as posted, was of the entire existing stock, not just new. So the prices do include resale of the old stock of "six pack" nuggets, which are part of today's resale market.
There's always the option to buy a small piece of land 45 minutes from the interstate and throw a double wide or modular on it, hell even a single wide. That's available now. But not figured into your median price.
You'd could be in it for under 120k.