Reply to I am a buying shark and watching desperate sellers, here's what I see and am doing

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]aren't the prices still high at 10% lower? I'm seeing those same houses sit afterward and be lowered again. why not wait?[/quote]

I am bidding 10% lower than their asking[/quote]

how many homes have you accrued with this strategy?[/quote]

just started but my goal is to get a rejection and then in a month come back to the same house and bid even lower, i want prices to be around[b] 2020 spring[/b][/quote]

Consider all the tech workers, post-graduate healthcare staff, and DoD contractors who have since received two annual raises on the order of 8% or more (anecdotally, from my friend in public service healthcare). If they were making only 100k in 2020 they're close to 120k now, and that's assuming the starting point was a low 100. These educated workers are a dime and dozen and in high demand. They make a lot of money very quickly so it is easy to see why we will never see 2020 prices ever again.[/quote]

We purchased in Spring 2020 (May) for $525k and just sold earlier this month for $760k. [/quote]

Did you sell to cash out at the “top”? I think a lot of sellers are trying to do that now based on what I’m seeing. [/quote]

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