Reply to Zillow shows "estimated net proceeds"

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Reply to "Zillow shows "estimated net proceeds""

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You realize that most people do not move out of consideration for "net proceeds" ... right? People aren't necessarily selling because they "can't afford to live there." People move because they got a job in San Francisco, or because their aging parents need help back in Iowa, or because they are getting married to someone who is in Vermont, or they are retiring and heading to that hellhole of a state that is FL. Or whatever. [/quote]

So most people are moving, not really getting any equity from their house sale, and urgently moving to be with their aging parents? Big old nope. Most people should have more than $100,000 equity from a million dollar house sale. If most people don’t, I take that as a bad economic indicator, which is my only point in bringing it up. [/quote]

"Most people," certainly those in the DMV selling "a million dollar house," are moving for reasons other than "can't afford to live there." This idea, based on random Zillow information, that there is some huge number of people in the DMV selling "million dollar" homes with less than 100k equity, is nonsense, much less "a bad economic indicator." [/quote]

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