“How about bad judgment? If one paid too much for an over priced dwelling, I’d think it would be a lesson for the next purchase, pay what you think it is worth within your budget”
Must be nice to live in a perfect world.
For several years here in central Florida there were bidding wars for homes. Walk away without making an offer and you lost the house.
Think its overpriced? Wait a month and watch it increase 10%.
Want a place to live? Rent an apartment, pay for an overpriced home or find a bridge with room under it.
and there are many times when some obviously should have walked, think of those who found a place they ‘just loved’ and couldn’t walk away from, whose fault is that?
As for a specific geographic location such as central Florida, even there, I’d guess there are still small towns that real estate would be priced cheaper, or they could buy a piece of land and get a trailer house, there’s options. Bid more than a house is worth and they are going to have to live up to that obligation, it’s their choice
Yes and it was all BS, did they us Vaseline!!