On Saturday, November 6, Burlington's ArtsRiot was packed to capacity. The occasion was a hip-hop showcase organized by New York City-based music video director Kelly.
It’s a bubble, and all bubbles break. However, for would-be home buyers, the questions about the present real estate market begin with how soon, & how significantly.
The friend has not put his house on the market and had no plans to move.
“But the guy knocked on his door and was just like ‘Hey, do you want to sell your house?’ and offering $600,000 cash for it,” River said. “It’s crazy, and I’ve heard about [similar stories] a bunch of other times.”
Of course, the price of just about anything depends on supply and demand, which yield the very subjective factor of perceived value. Rivers said he’d consider overpaying by $10,000-20,000, but not the $40,000-50,000 or more that sellers are getting, he feels, above the actual value.