Quote:
Originally Posted by retiredguy123
I think they will decrease because they are artifically high as compared to 5 years ago. Why would a house that cost $400K in 2015 be worth $600-650K in 2020? The inflation rate is nowhere near that high. Also, potential buyers have lost money in their investments, and they will not be willing to spend as much on a house, especially when the future is so uncertain. So, I believe that sellers will need to accept a lower profit on their house. But, nobody really knows.
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This PLUS the fact as some owners pass on, their families/estates that will inherit the place will probably want to liquidate.
Facts are MOST folks here will not be "looking to have to live somewhere else" when their home becomes vacant. For those of us living in age restricted communities, this is just a fact of life. We bought at the high end of the market, but for us it is irrelevant, as what is left to the kiddos is left to the kiddos, be it more or less. We bought what we wanted and will enjoy until it becomes an estate asset for our kids. I too would wait and catch the wave action, UNLESS you want to move down and enjoy now specifically, and then the option is yours to enjoy based on desire. None of us is promised tomorrow.