patrick.net

Did you mean "priced to sit"? ;)

I get frustrated when sellers relist their properties at the same price after being on the market for months. What are they trying to accomplish?

It's all just Realthore talk! They will do anything to make it look like it's time to jump in. They claim it's a buyers market, but yet it is not a buyers or sellers market for that matter. Using the words "priced to sell" is kind of idiotic if you think about it, because if it was priced to sell, you wouldn't have to claim that it is; it would just sell! :lol:

Realthores also talk up the property "breathtaking views", "paradise", they even use what they call staging (making the house appear to have potential), but just the fact that they have to use these tactics only shows their desperation. They didn't have to do all these things a few years ago!

I get frustrated when sellers relist their properties at the same price after being on the market for months. What are they trying to accomplish?

I love when they keep their house price high, because this way no one will buy it and by the time they realize that the only way they can sell it is by lowering the price, interest rates and inventory will be much higher; so they will have to lower their price more significantly, thus giving us a much bigger crash :twisted:

Realthore bull talk

It is ridiculous. We could actually devote a whole thread to realtwhore talk. “Cozy” and “charming” actually mean tiny and cramped. And “light fixer” means falling down.

Yes, "lowest priced unit" means "worst location". :)

In my neck of the woods, there is this RE sign that reads "Honey, stop the car!". My wife and I laugh every time we pass this house and the three others on the same block for sale.

As far as people who hold out on their price, I wish there were more of them. We're basically at the point where the cost of living has squelched most peoples ability to pay their price. When the interest rates rise another point or two, along with all the ARM resets, there is going to be a serious meltdown!

“light fixer” means falling down.

"Light fixer" means "land for sale" :lol:

The purpose of this is to make it look like a new listing. Who wants to buy a house that has been on the market for 6 month? If it was just listed this week you got a much better chance to get top dollar for it.

I think using this approach is more dangerous because people who are looking for houses will know that it was relisted and this will reveil the sellers desperation. They are much better off lowering their price now and taking a small beating rather than being pummeled beyond recognition!

Hans Writer:

The good old days of cheap real estate are gone. People these days invest rather in “real” estate than in stocks and the like.

You must be new here. :lol:

Two words "ARM resets"

Housing prices doubled/tripeled in the last few years, just like gasoline, health care and many other things. That’s just inflation.

Did salaries double/triple?

Compare current U.S. house prices to European real estate, it’s just about the same. And properties sit on the market there for a year or two, still no crash or bursted bubble.

The bubble has burst already, we are now in the denial phase. This is the time when the sellers hold out on their prices, buyers don't buy and inventories keep rising. We are almost at the next phase, the actual crash. If you read as much news as I do, you will know that foreclosures are breaking all time records all over the country. The crash is just beginning.

It’s normal for a half million dollar item to sit for a while, if it sells within the first few weeks then it was priced too low.

So in other words, you believe that all the houses that were purchased in the last few years at a break neck pace were priced too low?

What are you?

A Realthore? A homedebtor in denial? or a combination of the two?

I could show you tons of data that will prove witout a shadow of a doubt that a crash is on the horizon, but if you were a regular on this site, you would already be informed. Rather than try to present all this data to you and have to do it all over again for the next uninformed person, go back a year or two in the threads and start reading. It's all there in back and white.

Ram Pee and Hans Writer:

Please read some of this.