This article is full of economics 101 and commonsense. A redundancy, I know but, something too few are aware of.
We bought our home for cash when we moved from California to a seaside community on the central Gulf Coast of Florida.
We were contemplating selling and buying closer to the shore. Not now. The prices have skyrocketed and these hyperinflated prices remind us of the housing bubble that collapsed in 2008. So, we put that plan on hold for a while. But, I did special order a 2021 BMW Z4 M40i, loaded. So, I don’t fall within the next 6 months window this article is concerned with.
The Dementia Joe fiscal policies and their result is going to make for a much easier President Trump 2024 election. Just like President Reagan slaughtered Carter when I was in Jr. High.
Good for you.
After watching house prices by me skyrocket the last year, I’m now seeing big price cuts to homes that have been on the market here in Hellinois for more than 7-10 days. Its not uncommon to see $20k price cuts after a week.
A house I looked at last year sold for $320k. The person who bought it is trying to sell it for $365k now. It sold in 3 days last year. Its been on the market a week now and already cut the price by $10k. Anyone who looks at the sale history isn’t gonna pay anywhere near $365k for it. Not after selling for $320k 12 months ago.