Quote:
Originally Posted by Pturner
 CIB,
I think Bare has an excellent point that if you buy and sell a home in the same market conditions, you don't necessarily lose much by selling low, because you will also be buying low. If you wait to sell when the market rebounds, you probably are going to give back your higher selling price by paying more for your dream home in TV.
We purchased our modest vacation home in TV in October '09 for approx. $45k less than the previous owners had paid. I suspect that they made up the "loss" by purchasing the larger house for which they opted at well-below its previous market price.
Anyway, we all love you and want you to come live in TV.
Pturner |
Ok - But I thought I have been reading that the homes in TV have not dropped in price like the rest of the country. Didn't they just raise the prices on the new construction? I thought she was saying prices have dropped over a third in rural Oregon. TV hasn't dropped a third, has it?
And Yoda if like me you are counting on investing at least half of the equity in your house so that you have the money to retire you do care.
I am just hoping for all of us wanabes that things improve and stabelize.