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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]Where I live, houses are selling immediately and 150,000 - 200,000 over asking. I don’t believe you.[/quote] I'm seeing that too, with select properties sitting for a while for whatever reason. How are people affording this? These are 2021/2022 or even in some cases above peak prices at 6+% rates. I literally don't understand where the money is coming from. [/quote] Not doing fixed rate mortgage and hoping for the best. We got on the property ladder by doing that back in the day and it worked out but would not recommend![/quote]
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