Absolutely nailed it. Those of us who lived through the 2007-2010 period remember this debacle just all too well! That recession taught me some really big lessons, I watched the value of my home drop, and 2 of my neighbors go through foreclosure. I sold that house in 2017, and it took that long for that house to finally be worth what …
Absolutely nailed it. Those of us who lived through the 2007-2010 period remember this debacle just all too well! That recession taught me some really big lessons, I watched the value of my home drop, and 2 of my neighbors go through foreclosure. I sold that house in 2017, and it took that long for that house to finally be worth what I had bought it for in 2006 again. I have watched the prices of homes in my current subdivision inflate to more than double what they were in 2020. Those on the market are not selling and have not been since about July. No way no day would I pay double for the house I live in right now!! It is not worth it! You are coming into the perfect time to buy/relocate…….because those who did not learn the 2008 lesson are in trouble and dumping property and those prices will keep dropping!
It is truly amazing how many people forgot what the 2007 recession looked like. It is like they just forgot!
How easily they forget or aren't paying attention. All that "free money" is going to be a shocker. Wonder how many realize they will be paying taxes on it? SMH
Absolutely nailed it. Those of us who lived through the 2007-2010 period remember this debacle just all too well! That recession taught me some really big lessons, I watched the value of my home drop, and 2 of my neighbors go through foreclosure. I sold that house in 2017, and it took that long for that house to finally be worth what I had bought it for in 2006 again. I have watched the prices of homes in my current subdivision inflate to more than double what they were in 2020. Those on the market are not selling and have not been since about July. No way no day would I pay double for the house I live in right now!! It is not worth it! You are coming into the perfect time to buy/relocate…….because those who did not learn the 2008 lesson are in trouble and dumping property and those prices will keep dropping!
It is truly amazing how many people forgot what the 2007 recession looked like. It is like they just forgot!
How easily they forget or aren't paying attention. All that "free money" is going to be a shocker. Wonder how many realize they will be paying taxes on it? SMH