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Homebuyers now stepping away real estate, blaming it on the bear market drop.
- Thread starter S2007S
- Start date
Quote from stock777:
the price of housing is stupid
still.
hope it gets cut in half from here.
real estate agents are professional pumpers
Real estate agents are certainly professional pumpers, this weekend go to any open house and just talk with the real estate pumper for 5 mins and watch how positive they are on the entire housing market, they will ALWAYS say its a great time to buy, I remember looking at places a few years back and every one of them was saying now is the time to buy, fast forward and some of those properties dropped 10-20% months later. I think I may do that this weekend, I need a good laugh!
Quote from S2007S:
Real estate agents are certainly professional pumpers, this weekend go to any open house and just talk with the real estate pumper for 5 mins and watch how positive they are on the entire housing market, they will ALWAYS say its a great time to buy, I remember looking at places a few years back and every one of them was saying now is the time to buy, fast forward and some of those properties dropped 10-20% months later. I think I may do that this weekend, I need a good laugh!
Same with CTA's and financial advisers. Always a great buying opportunity...
Quote from S2007S:
Real estate agents are certainly professional pumpers, this weekend go to any open house and just talk with the real estate pumper for 5 mins and watch how positive they are on the entire housing market, they will ALWAYS say its a great time to buy, I remember looking at places a few years back and every one of them was saying now is the time to buy, fast forward and some of those properties dropped 10-20% months later. I think I may do that this weekend, I need a good laugh!
Never, ever look to a salesperson who is incentivized to sell you a product or service, for an honest, unbiased opinion.
Of course they are going to compile a reasonable argument for why it's a good time to buy their product, so they can make a commission.
Quote from stock777:
the price of housing is stupid
still.
hope it gets cut in half from here.
real estate agents are professional pumpers
Where I live, my rent is actually more than what it costs to buy. I'm planning on buying around 2013, plus there's this uncertainty around the homeowner's mortgage deduction. If they change that, then the market will price that into home prices and home prices should fall a little bit more on top of that.
Quote from trefoil:
50k tax on property is pretty easily doable in Westchester County, just outside of NYC, or over in Long Island. Property values are very high in these places, taxes on those high values are as well. Tax rates tend to be higher in New York as well, of course.
Bullshit. Post a link to a property with the taxes listed or else stop spouting BS.