That's exactly right. Everybody has a right to sell their land/homes. Two things though. We should be vetting who can buy it ( chyna and developers from all over) and two, if it were not for the influx and our counties and states selling us out for money, it would be at a normal level not this abnormal growth level. Building homes for people to come is totally different than people being able to buy what is just normally available. It's outrageous what is going on.Most of suburbia throughout the South has evolved like this...Grandpa Joe owns 100 acres of land that has been passed down for generations. He earns just enough income from farming/pasturing/logging to pay the property taxes. One day Grandpa Joe dies. His heirs are offered 100k per acre. Do they keep the land and scrape by to pay taxes, or take the $10 million. Most take the money and go about their lives and boom, a new 300-home subdivision is developed. Rinse/repeat thousands of times for decades and you have modern suburbia.
There is a piece of property (about 20 acres) with an old little house with and two chicken houses on it close to me. People bought it awhile back for a little over 500k. Soon after they listed it for 1.3M. Not a local realtor. Been for sale for a while now. I laugh every time I see them lowering the price. It's down to about 800k. I hope the greedy foreign transaction completely falls through. The chicken houses aren't even in good shape. Who do they think they are? SMDH