Quote:
Originally Posted by JMintzer
Two examples is hardly "numerous"...
And checking your examples, those were both resales, which jives with my previous post...
And one of them appears to have been purchased by an investor, since it immediately went up for rent after the purchase...
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Not likely anyone has the time or patience to type ALL the homes that were sold for a loss in the past few months. A few examples proves the posters who stated "no one loses money on their house" are wrong. If you want more examples, simply look on MLS. The facts are there for all to see.
NEW HOMES have sold for a loss. or with big reductions. Some newer villages seem to suffer that fate more than others. This market is a crap shoot. As we have seen in Denham and Dabney, even for the developer. A person would be a fool to buy recklessly in this market. Or, maybe they have tons of money and simply do not care.