The problem with any "booming" market is the number of people who think they've suddenly come across a windfall and sell without considering the buy side. They have to buy at an inflated price as well so they end up not that far ahead when taking into account closing costs, moving costs, realtor fees etc.
Moving to an area with more affordable housing is an entirely different situation, then you can really get ahead. (ie. sell a house in Vancouver for $1.5M that originally cost $700K and move to the interior).
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