Mar 8, 2022
9:47:29am
9:47:29am
You have a decent amount of equity if prices are where they are now. If they
fall, and your equity diminishes quickly, you try to sell along with many others, and with lower prices and a glut of homes on the market, being mortgaged to the max leads to defaults.
- Bio page
- pink22
- Joined
- Jul 22, 2004
- Last login
- May 22, 2024
- Total posts
- 45,554 (1,636 FO)
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Time
3/8/22 9:02am
3/8/22 9:05am
3/8/22 9:14am
The reason they say that is because they don't know any better and just want to sell homes. Come on now. Ragnar is right
3/8/22 9:16am
There’s only a lack of inventory relative to a given amount of demand. When people cite a shortage as a reason prices
3/8/22 9:35am
3/8/22 12:02pm
3/8/22 1:07pm
3/8/22 1:38pm
3/8/22 2:49pm
3/8/22 3:01pm
3/8/22 9:57am
3/8/22 9:20am
I think people are sitting on a lot of equity in their homes. They may have mortgaged to the max when they bought but
3/8/22 9:27am
3/8/22 9:31am
3/8/22 9:51am
3/8/22 10:51am