The BS tactic is going into the buying process and thinking that you are going to look at homes you are interested in and think that you are going to get somewhere offering 50% of what the person is listing at.
Seems to me that this low ball logic is a close cousin to mortgage brokers providing higher than par rate loans. What is wrong with that. They could have done their diligence. They could have continued to shop around.
To me if the market is not where I can comfortably afford to buy I’ll simply wait it out or move elsewhere. I’m not going to go out putting offers together at 50 % the value of the house.
