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Real Estate
Reply to "Not selling in Rockville—why?"
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[quote=Anonymous]Seems to be quite a bit of inventory popping up in this 1-1.3 mil range. Everyone in moco thinks their McMansion is worth 1.3 million. Now that a lot of families are down to 1 income, a lot more of this type of inventory is coming onto market. With current rates, even with good credit and a 20% down on 1.3 mill - that monthly payment is around 10k/ month not even factoring in utilities. Even with a fantastic job - 10k a month is a LOT - and the pool of people with that kind of monthly nut is smaller - then factor in uncertainty. Yeah ….[/quote]
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