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Real Estate
Reply to "Argh - Where are the houses for sale???"
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[quote=Anonymous]Agree with PP, lots of people aren't "stretching" to be in a home like they may have years ago assuming price appreciation, they are much more rational. Low inventory? yes, for several reasons: people are underwater, uncertainty about job security and compensation, risks about general market/economy, high realtor fees with selling & buying, unsure if market has found bottom yet, etc. As for this thread's price and power tangent, the market will price the home. Not a stubborn seller, and not a stubborn buyer. If you're rational and know the sales comps, your house will sell at any point in time. Remember, the ONLY time you know what your property is worth is when you buy it and when you sell it. Not list price, not your HELOC appraisal, not your prop taxes, but an actual transaction value. And "fair deal" is always defined as when both sides give up a little/take a little and walk away not happy, not sad, but with a sense of fairness. [/quote]
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