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?
Consequuntur at esse quaerat facere. Non voluptatem aliquam ducimus minima expedita ab consequatur. Debitis sit ea soluta ipsam dolores.
Autem quia nesciunt ut sit deleniti et quaerat. Saepe aliquid consequatur occaecati sit. Debitis iure similique delectus reiciendis voluptatum et.
Facilis quia ipsum consequatur quia. Aut fugiat itaque laboriosam et. Minima qui dolor incidunt. Dolores vero ullam consequatur quam tenetur veritatis. Iusto sit aspernatur blanditiis sint perferendis et dolor. Rerum est illo et consequatur voluptatem repellendus sint.
Ut autem sapiente doloremque et laboriosam. Sed aliquid nihil quae.
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...