Quote:
Originally Posted by Vinny
I could buy my 8 month old villa for a few thousand less new now. My house is already worth less. Luckily I have no plans to move in the next few years.
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Every pre-owned designer and premier home i looked at was priced to sell at a loss, when you included the real estate commission.Many were priced at a loss even before the commission, one premier over $100,000 loss and it is beautiful.The only reason my home in TV is worth more than i paid for it , is because of all the upgrades. Put your home on the market in TV now and you'll soon see the market is not flat, but still heading downward.Since i purchased a lifestyle in TV, and have no plans on moving, i'll be just fine . The real estate market will eventually turn around, but it won't be anytime soooooooon.