We were looking to buy a second home in the mountains of Western NC. We didn’t buy anything bc we ended up having to redo our own home after we got flooded out by Hurricane Flo in 2018. we still kept visiting though.
We ended up changed our minds after the houses doubled in price during and after COVID. Before COVID a 2 bedroom cabin could be found in the 200ks. Many homes were listed for months before CoVId. Then the mountains got popular and prices were doubled (or even tripled depending where you looked) and so did the mountain populations. And when we went in the summer we usually rented a cabin. The last time we went in 2022 it was too crowded for us.
I suspect home prices there will drop precipitously now. It should be interesting to see if they will even rebuild in some of these areas.
We were looking to buy a second home in the mountains of Western NC. We didn’t buy anything bc we ended up having to redo our own home after we got flooded out by Hurricane Flo in 2018. we still kept visiting though.
We ended up changed our minds after the houses doubled in price during and after COVID. Before COVID a 2 bedroom cabin could be found in the 200ks. Many homes were listed for months before CoVId. Then the mountains got popular and prices were doubled (or even tripled depending where you looked) and so did the mountain populations. And when we went in the summer we usually rented a cabin. The last time we went in 2022 it was too crowded for us.
I suspect home prices there will drop precipitously now. It should be interesting to see if they will even rebuild in some of these areas.