I’m hoping prices keep firming up everywhere and lift all boats. I’m doing improvements little by little and am in hopes I can get the price I need in two years. If not, my improvements will no doubt fetch a higher monthly rent.
I’ve stopped caring about the “shadow” inventory trickle … even though we all know this and (the mostly unsuccessful) “loan mods” are enabling FB’s to stay in “their” homes for “free” or “on the cheap.” If the slow “trickle” by the Big Banks and others keeps prices firmed up and helps future potential sellers like me move on down the road, that is all I care about.
The local inventory can go down to zip, for all I care. If it does, this is less competition for those who actually want/need to sell.
