IBjames. I am glad you are happy with your position on this topic.Congratulations, That happiness is the same as if you were happy living in your own house. Happiness is happiness and smugness with ownership isn’t.Every dog has his day.Props to your better half.
sdr,
Your point with the probate sale is well presented but that town home deal doesn’t sound exceptional to me, especially if it goes down to 250k?I have always said here that some percentage of houses bought will probably not go upside down and that percentage will be growing. Besides that everyone gets a percentage of their deals that make really good true stories. My argument certainly would never be that it can’t happen so in this we agree.I bought two houses well after the last peak and well before the last trough that did not go upside down. The “real estate as an asset class haters” in blogdom, likely would have throttled me if pointed these things out one more time. Now obviously you can get away with it.They’re gone.
My point is that it really is as much or more about the buyer to go get than the agent.This oint is satified by the fact that your buyer didn’t get the town house someone else’s did. We can put that work in at our will and/or leisure adn work teh market pretty good. We can also do it for our clients but let’s be realistic they don’t usually ask us to or even have that agenda because of nesting instinct overwhelmed by materialism,stupidity or just because they want the house they want when they want it and feel they can afford it. Too many times it is enough work just getting someone into something they like let alone a steal,especially couples.Don’t you agree?
BTW, I predict this is going to be another recurring thread in pigg land. It will take the place of “When is the bottom/” & “What percentage will they decline be ect. We are in transition. Some people think this thread is still about when the bottom will be and it is about jumping off the fence…
Rustico
