the San Diego area where I live (and yes everywhere else had em too I know).
You have two working parents now home on Zoom calls all day and needing space from their kids on Zoom calls, and they are competing against ppl moving from the Bay Area flush with cash.
Homes listed for $800k went for $1.1mm in some cases.
Our home went up about 35% in value in ~6 months.
And since then homes have just gone up another 20-30% bc the new baseline was set and it’s just escalated from there.
Next offseason will be even wilder as kids see that 17 pts 8 rebs and a tourney win gets you $2mm.
The remaining top portalers are gonna get desperation deals thrown at them and the market just went up 30%+ overnight 😬.