You’re preaching to the choir regarding the impending correction. We could have been having this conversation two years ago and we both would not have believed these homes would be selling for what they are today – and we both would have been wrong. Bottom line is that the market is not behaving rationally. Yes, I understand that eventually things will come back around at some point in time, but guess what – life goes on while we wait for what we know is inevitable (at some unknown time). Sometimes a person is willing to take the loss on the chin for reasons that have nothiong to do with money.
At the end of the day, my reasons are my own and I’ll keep them personal if that’s not too much to ask.