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Real Estate
Reply to "Housing prices dropping"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s important to sell/buy at the right time although some things may get in the way. I guess these owners tried but took it off the market. Homes are sitting and if folks must move, I’m guessing they will become rentals. I think all the folks who bought in 2021-2023 will be underwater. https://www.zillow.com/homedetails/2900-Carlton-Ave-NE-Washington-DC-20018/504830_zpid/[/quote] Why do you think those people will be underwater??[/quote] Bought in 2021 for $842,552 latest price before they took it off the market after two months was at $825k. Is that not underwater when you sell a house for less than what you paid for it?[/quote] No. Underwater means that your house is worth less than you owe on it. [/quote] Well they are losing money either way. [/quote]
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