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re: Been following a vacant lot near me and I'm a little skeptical about the price drops
Posted on 1/10/24 at 9:41 pm to Powerman
Posted on 1/10/24 at 9:41 pm to Powerman
Seller would be stupid to drop price unless desperate.
Prices we see today are going to be low compare to what we will see in 5 years
Prices we see today are going to be low compare to what we will see in 5 years
Posted on 1/10/24 at 10:18 pm to SlidellCajun
quote:
Seller would be stupid to drop price unless desperate.
That's what I'm thinking. And the fact that no one has made a move on it is a little concerning. At the end of the day 15K isn't much in the scheme of things but it's still enough to raise some eyebrows. Particularly how quickly they've tanked the listing price.
Posted on 1/11/24 at 7:54 am to SlidellCajun
quote:
Prices we see today are going to be low compare to what we will see in 5 years
It's pretty disturbing to go back 10-15 years ago and look at what lots and houses in general were worth compared to today. I had an opportunity to buy a 10 acre property for $120k and thought it was about $20k too much. The 5 acre property on my street sold for $200k 2 months ago.
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