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Renters waiting for a better market

Started by Riversider
almost 16 years ago
Posts: 13572
Member since: Apr 2009
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The times piece made me wonder how many units are just waiting around for prices to firm up. This will limit any advances in real estate prices over the next few years. On the flip side how many people renting will commit to buy once prices start going up. Can just imagine the sales pitch. Broker: This two bedroom is even a better buy today at 2mil then it was last year at 1.8 mil Client: I knew I should have waited!
Response by Riversider
almost 16 years ago
Posts: 13572
Member since: Apr 2009

http://www.nytimes.com/2010/03/07/realestate/07cov.html

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Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

And don't forget the zillow stat from a few months back... 2/3 of home owners nationally plan on selling when prices rise (making it hard for any prices to actually rise).

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