If we're headed back to 1981's 15% inflation and $18.5% mortgages, this makes sense

Brother Gideon just alerted me to 4 nondescript houses that went to contract last week via bidding wars. Whoo boy.

6 Ernel Drive, $1.395, received over 30 bids, and is going for “way over” ask.

23 Split Timber, $1.7 million, $300,000 + over. A practically identical house, 38 Split Timber, asked $1.595 and sold for $1.335 in 2020.

23 Hassake Road, $1.695, $500,000 +

18 Terrace $1.695, “many bids, going for above ask”.

HERE ARE SNAP SHOTS OF THE LISTINGS (I’M too lazy to provide links, but they’re all pretty generic, and my point here is the bidding wars, not the homes themselves)

6 ernel drive

23 Split timber

38 split timber (2020 sale)

23 hassake road

18 terrace