u/Lazy-Distance-2415

I feel like this market is starting to look a lot like the run‑up to 2008. Around northern NJ/NYC, I’m seeing builders drop half a million on an old teardown, rebuild it, and then list it for $1.2M+. I honestly don’t believe the median household income around here is anywhere near $300–400k.

So I really want to ask these builders — and the people buying $1.5M homes. Are $1.5M houses really that easy to sell?