Quote:
Originally Posted by Craig Vernon
The reductions by TV on new homes has made many preowned 100k more expensive than equivalent. As existing owners have a desire/need to sell they will take a reduced price or be forced into the short-term rental market. I hope I am wrong because it will reduce the quality of life for residents.
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Preowned has usually been much higher since “07” so not much change there. Many buy different home here, keep 1or 2 as rentals, so usually not forced into rental.
But I can tell you by experience two of our homes sold with tenants in place quicker than an empty house for us in TV. Many buyers are still working, and nothing is better than guaranteed cash flow on a house with no worries of finding a tenant on their own.