time to cash in on your house?

June 16, 2008 ·

tonight we took a stroll around our neighborhood with a waffle bowl of dairy queen. all along our path was 'for sale sign' after 'for sale' sign. people are still speculating as to what state the real estate market is in. i take this as a clear indicator.

what i extrapolate in all these 'for sale' signs is people seeing the market go into decline very shortly and are getting out at a high point. maybe not the highest point, but definitely before all the profits they've passed up in the last couple of years evaporate. a lot of this might be the particular neighborhood or the types of houses, but directionally, it's pointing to something.

many of the houses that had a 'for sale' sign where older bungalows. houses, that for a good deal, could be torn down to make way for a bigger house and greater return on the property itself. there were other types of houses as well, but i think that goes to show it's not just one type of seller looking to get out. that it is a trend everyone is trying to capitalize on.

so whether the market is actually in decline or if this is going to perpetuate the decline, the way i'm seeing it is on the way down. i like it that way. i can't stand to see such an over-inflated market, that is highly unsustainable, and will leave a lot of people with huge losses on their homes. i don't like a reality of having to pay prices it's going to be difficult to re-coop in the future when you sell. i'll take my property at a lower cost so that i can easily get my money back, even in a market valley.




 subscribe to rss feed Add to Technorati Favorites


Clicky Web Analytics