Yep, might be time to start looking at snapping up some properties on the cheap.
> Yep, might be time to start looking at snapping up some properties on the cheap.
There is not yet “blood in the streets”. People are still looking to get out of their mistakes somewhat whole. Me, I’m not going to subsidize that kind of poor decision making any more than I have to through my taxes.
While I’m seeing some significant price reductions in our area, the reduction is usually the “greed layer” the sellers added in hoping to screw rabid buyers out of extra money. After that reduction, it’ll be awhile before sellers start giving their houses away at fire sale prices. Sellers are usually the last ones to admit the market has completely turned against them. Now, there are some that bought a house contingent on the sale of their current house. Those folks might just fold.