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Real Estate
Reply to "Argh - Where are the houses for sale???"
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[quote=Anonymous]I think there is less turnover for a lot of reasons. We're staying in our home, which is very much the perfect "starter home," for much longer than we would have imagined originally. Just more comfortable with the low mortgage (payment and balance), and can make it work with a child due to good organization and lots of parks and things to do nearby. The house is now cozy and nicely decorated, and there would be little benefit to us to go to the hassle of moving and paying realtor's fees for a "move up" house in this same area, that would have more bedrooms but be less charming than our current place. People have less equity to move up, more uncertainty, feel better about being more comfortable financially and less stretched, no incentive to move up since real estate won't be going up in leaps and bounds again in our lifetime, feel comfortable with more equity in the home if the market drops, etc.[/quote]
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