Quote:
Originally Posted by doug.goodman
Exactly, well said Adam.
As for the article, the author lost me when he said :
"As we know, in a neighborhood of 100 homes currently valued at $1 million each, when a desperate seller accepts $500,000, the value of the other 99 homes immediately drops to $500,000."
Not true.
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I agree Doug "$1,000,000 to $500,000" Goodman.
He sounds like a kid who has absolutely nothing and is jealous. He hopes everybody loses everything, so he can buy a million dollar house for 500K.
As a homeowner, I am always more than happy when the values go down. It lowers my property taxes. I fight in arbitration every year or 2 to lower them. If I used that argument, they would laugh me right out of there. I have an 8-0 record with the Property Tax Board over 15 year too saving thousands!