24 Aug 2023 12:45 pm
https://www.bankrate.com/real-estate/is ... -to-crash/Xavier_Onassis » 24 Aug 2023, 12:07 pm » wrote: ↑ Typically, people sell when their children have grown and they can make a huge profit from the sale of their home.
If they can get only a quarter of what the prices are today, they will likely stay put.
A house in my neighborhood cost $31,500 in 1977.
Some real estate expert says it can bring $325,000.
25% of that is $81,250.
Walkingstick likes to say silly stuff. House prices will NOT drop by 75%, There is nothing teetering on the edge of any cliff.
I saw a stat recently that kind of surprised me, only 5% of retiries move to another town or city.