4 ms·
some un-solicited advise I got on house market (I have recently purchased after searching for 24+mths ) no one sells their house for less than they bought in u
by chrismatheson 5y ago
some un-solicited advise I got on house market (I have recently purchased after searching for 24+mths )
no one sells their house for less than they bought in unless they HAVE to. They just don't sell.
So for me, as a buyer potentially waiting for the market to correct, its not worth waiting, your life will have passed by in the meantime.
- harambae 5y agoIf they lose their job in San Francisco bay they just take a new job in San Francisco bay. This is, IMO, why housing essentially never goes down in the bay (until either Prop 13 is repealed or the big earthquake hits and a lot of people are scared out of town). But there are plenty of areas in America where if you lose you're job you're moving, regardless of whether you particularly want to. No one wants to sell stocks at a loss either, and yet people do. So my bet is that if there's a recession home prices will go down. Time will tell.