Property values;
They have become insane.
Our house and property when we purchased about six years ago was a bit under 400K, the people were hurting to sell it, and the market was well down at the time, way down !
The value of it hit double that several months ago, and is well over twice what we paid currently, very close to three times what we had paid. Looks good on paper for us to have a 'property' value up where and it is and most likely to be able to get that number with respect with other like properties here where we are!
One of the issues is we sit in the center of several million acres of national and state parks, yes, in the middle. There is not new property for sell in this area which is an asset to those that presently own. It is a truly a 'desirable' area. There are some scattered lots of an acre plus that some have been sitting on for several dozen years occasionally popping up for sale, but at prices that you could have bought just 3-4 years ago already developed with utilities and a house!
The issue becomes IF we were to sell, trying to find another without 'downgrading' would be near impossible!
We have seen some that listed for seven figures+, begin to drop some, but not really much. Most were just outrageously priced !!!! But yet they are still selling at over twice what they were 'valued' at just two years ago.
INSANITY !!!!!