Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Isn't trading up going to end as folks are priced out?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Trading Up Only makes sense when home prices are falling not rising. Lets say I buy a house for one million cash but want a two million dollar home. Home prices rise 50 percent. I sell my million dollar home for 1.5 million but that two million dollar home is now three million. But lets say prices fall 50 percent. I sell my one million dollars home for 500k and buy that two million dollars home for one million. To trade up in rising market I need to come up with 1.5 million to do it. To trade up in a falling market I need only 500K to do it. [/quote] A family with means to afford the better home isn't going to put off moving indefinitely just because it's not the absolute optimum time to buy. I know several law firm partners and other high earners buying or building the big home in the great neighborhood. They're not staying in their starter homes with kids when they can easily afford to trade up.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
