10-21-2009, 05:03 AM
In defense of buyers, I think people are looking for good deals for three main reasons: because the prices are continuing to fall and no one knows where the bottom is, because people are not feeling secure about their incomes right now, and because many first time buyers are looking for places where they can get some "sweat equity". When even people with "secure" jobs like teachers are losing income due to furloughs it is hard to commit to a big mortgage. The market is different now, it is unreasonable to expect people to pay the higher prices of a few years ago when prices were inflated.
I know it is a hard place to be when you are trying to sell in this market, but calling people vultures is a little harsh. The real vultures were the banks, appraisers, and loan brokers who inflated prices in Puna to unrealistic levels for properties that are downhill from an active volcano, in a community with no economic base to provide jobs.
Carol
I know it is a hard place to be when you are trying to sell in this market, but calling people vultures is a little harsh. The real vultures were the banks, appraisers, and loan brokers who inflated prices in Puna to unrealistic levels for properties that are downhill from an active volcano, in a community with no economic base to provide jobs.
Carol
Carol
Every time you feel yourself getting pulled into other people's nonsense, repeat these words: Not my circus, not my monkeys.
Polish Proverb
Every time you feel yourself getting pulled into other people's nonsense, repeat these words: Not my circus, not my monkeys.
Polish Proverb