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Can anybody familiar with the market please explain what the hell is happening.

I'm 22 years old finally ready to buy property. I'm interested in property and want to stay in Florida. The same houses that cost 2 million in 2020 are now being listed for 6 million!!! The current house im living in sold for $600,000, Zillow estimated it to cost around $2.2 million now...

Of course im not going to go buy a 2 million dollar home right now, but I would like to buy commercial property and that is completely unreasonable in this current market. It's truly astonishing how expensive all the houses and land got... it's borderline impossible to purchase property and build something profitable at this point.

Will this continue to rise and the new generation all just gets f**ked?! Or can we expect a crash or fall back...

submitted by /u/Icy_Chemistry_9037
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source https://www.reddit.com/r/RealEstate/comments/1cymdkc/can_anybody_familiar_with_the_market_please/
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