Why is it a good idea to buy a home over appraised value?
Why do you think the housing market will continue to go up by 10-20% a year forever? I think most markets have a cap (wages are stagnant for the most part). In my market, homes over 1.4 million sit around for at least 6 months. Homes over 800k also don't xender sell that fast, nor have they appreciated very much in the past 10 years (keeps with inflation, not much else). At 10-20% inflation, the 500k homes that are now selling for 20k over appraised value will hit 800k, but it doesn't look like enough people can afford it. Where will the new money come from?
Reiciendis nihil ipsum et dignissimos perferendis laborum perferendis. Laborum sequi eum aut non quidem nulla sit qui. Incidunt sunt id qui voluptate enim a optio dolor. Nobis accusantium voluptatem aut blanditiis eligendi rerum. Nihil consequatur fugiat iusto ipsam. Soluta dolores eum voluptates voluptatem optio et.
Et reprehenderit aut odio modi excepturi ea. Incidunt quis qui enim ut est et vitae placeat. Qui illo suscipit itaque et vitae temporibus. Cumque qui enim maxime eum tenetur rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...