I sold my house in ………….. last ……….. I listed my house at what my Realtor recommended, and it sat for … months. I then started lowering the price, every couple of weeks. My Realtor thought I was being too aggressive. But, by that time I had started reading Piggington, and conditions reminded me a lot of the early 90's. I finally got an offer, and sold at about ….% off of the original listing price. My Realtor and my neighbors shook their heads at poor silly me. I laughed all the way to ………….. where I am renting until…?
My experience too. This pattern is going to happen a lot during the falling edge of the price curve. Sadly, many Realtors have such a weak grasp on macroeconomic fundamentals that when the tsunami hits them, they think it is just heavy rain.
