I think a knife catcher may buy this at a “bargain” price of around 1.5M before it ends up at or below a million. It will be fun to watch a lot of Trump wannabes get their fingers burnt in this cascade.
Well, every week we get at least one knife catcher in this forum telling us that they are ready to buy because they found “a bargain” selling at “below market value,” and that they don’t care about potential depreciation b/c they expect to live in the house for the next 20 years, etc., etc.
Actually, I’m grateful for the knife catchers. Thanks to them, we’ll have declining comps all the way to the bottom. If all buyers were like us Piggintionians, no one would be buying and we would be stuck with the 2005 comps.
