I too have a friend that is trying to sell her home. She’s around 60 and her and her husband were planning on selling it to help supplement their retirement that is coming up soon.
Its a very nice 3/2 in Rancho SD but its been on the market for three months now with only one sort of sketchy offer that they declined. My friend has often tried to sell me this home but at over 500k there is no way I want to shoulder a mortgage that big. I’m in my 30’s and between my wife and I we clear about 80k a yr so I’m not sure if I could even qualify.
When she first put it on the market she asked us to come out and look at it. After stating that it was higher than I intended to spend I got the “oh I see, don’t lose hope ok” I hated the attitude I was seeing when I know darn well this market has run its course. I had tried to explain why she has not gotten any offers in the last three months and it just falls on deaf ears. They honestly can’t fathom the thought of not being able to unload their house for some ridiculous price. Recently her attitude has changed though, I noticed when I see her she’s more upset about the house and actually a little spiteful towards me because of what I was saying about the market I guess.
In short, I too feel that most Americans live in a dreamy world that often keeps reality out if it doesn’t fit their dream criteria. It bothers me because I wonder what the next big scam will be that will heard the masses into another terrible decision.