Reply to I think the bubble is popping.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our neighbors are selling but we won’t be ready to sell for a few years. If this is a unique situation or a bubble, how do neighborhood price comps work then? [/quote]
That "market" doesn't care about comps. What it cares about is what someone is willing to pay.

A "bubble" by definition means, more buyers than sellers, hence the frenzy. If and when you decide to sell, the buyer/seller ration will dictate what someone's willing to pay in your neighborhood.

p.s. Wait till all these "new" buyers get property tax assessments, once they close. The shock and awe will be hilarious to watch. "OMG!!! my property taxes went up by...the previous tax bill was only...I can't afford to pay that much....what should I do...."[/quote]

You find the prospect of someone being unable to afford their recently purchased house "hilarious"? [b]You must be fun at parties[/b]...[/quote]
I am. I'm usually the person most people at a party gravitate to, because I make the most sense.

Oh, and I make great jokes as well.[/quote]

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