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snowybirdie

(6,020 posts)
1. What is given
Sat Apr 30, 2022, 10:27 AM
Apr 2022

is taken away. Housing prices are likely close to the top now. Nowhere to go but down. In 2010, we bought our home at less than $100,000 in a very desirable area. Previous owner needed to bring over that same amount to the closing. His mortgage was upside down. He'd bought in the go go market of the early 2000s, and couldn't sell without lowering price drastically. I'm thinking the same thing will happen soon again. I'm afraid many will fall victim to the seductive lure of rising prices again.

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