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re: Real estate groups urged the Fed to stop rate hikes.
Posted on 10/13/23 at 8:49 pm to CaptainJ47
Posted on 10/13/23 at 8:49 pm to CaptainJ47
That’s the problem. Nobody is selling. It’s hard to find. That’s why the BFR is hopping. Also, you missed his joke.
This post was edited on 10/13/23 at 8:52 pm
1
Posted on 10/14/23 at 8:40 am to ugasickem
Yep, we are getting the Cali / NYC zone where rent control, property tax increases limits, etc, have made it to where people will tend to hold onto their current property until they absolutely have to sell.
Anyone selling right now may get a premium over what they paid for the current property but the chances of finding something new are low and it will cost you a ton.
Selling my current house for $500K does me no good if the next best house I can find is one that won’t serve my needs while costing $450K with a high interest rate.
Anyone selling right now may get a premium over what they paid for the current property but the chances of finding something new are low and it will cost you a ton.
Selling my current house for $500K does me no good if the next best house I can find is one that won’t serve my needs while costing $450K with a high interest rate.
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