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Real Estate
Reply to "Buying A House In This Craziness"
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[quote=Anonymous]FWIW, we're planning to list our house in about 7 days. If it looks like there isn't demand for our target price, or the logistics make it impossible we will just hold and rent it out. Not looking at giving it away in a fire sale. And if you're looking for a fire sale, it will take at least a year for a flowing pipeline of foreclosures and distress sales to build up. Foreclosure and eviction moratoriums have already been announced. We bought in 2009, not knowing if prices would go up or down from that point. Probably stayed flat for another year or two before going back up. No doubt, there will be fewer buyers and fewer sellers. [/quote]
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