It's tough to ignore the potential profit, but as has been stated, it only makes sense if you want to move anyway. You'll just be paying the increase in something else locally.
We got very lucky on our last house as we bought a bank owned in 2012 with the intention of selling it when our kids were school age. We obviously had no idea the market would do what it has done, selling in 2019. We really like where we are right now, the house, a pond, two acres, but after the way 2020 went, if our house hits $650k then we are going to sell and move slightly further out with more land.
Decent land just outside of Columbus is getting ridiculous as well.
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