I’m thinking it will take about the same amount of time for it to go down. With a big if. JPow is not PVolker no matter how much he mentions the name.
In the meantime, can we keep the debates cordial?
Lots of name calling on both sides. Can we refrain from typing the word “you”, “you are” or “username” in a response? I think that would help a lot. Keep the rebuttals on ideas instead of people.
@sdr thanks for putting out the data.
@dz thanks for being one of the few deflationist.[/quote]
What’s insane about that house? Have you ever tried to find a 3000 sq ft one story home that’s turnkey on a nice big view lot with a 3 car garage around here? I’ve been selling real estate for almost 25 years. I have been through hundreds of agent meeting and networking events. I can never remember attending a single one where somebody didn’t raise their hand and say I’m looking for a nice turnkey one story with a view on a nice size lot with a three car garage. Those are unicorns. Did you look at that thinking you might buy it? Good luck finding and buying a house like that in any market good or bad
And if your question is about the difference in price from prior sale? It was sold far below market in an off market probate/trust sale, was a complete disaster and had to be completely rebuilt and remodelled. The house next to it sold for $1.6M in 2015. The house sold this year is completely different than the one last year that was not a normal arms length transaction
