Comments by "worn down" (@worndown8280) on "Housing Market CRASH (Atlanta, Raleigh, Nashville, Charlotte)" video.

  1. Im not sure where Redfin is getting their data. But here in East Tennessee the average home needs price cuts of at least 10% to sell. But Redfin's data doesnt show that. Neither does Zillow. The market is so bad most pull their houses off because they cant cope with the idea that they cant get what they "should" for their house and or property. You have people trying to sell a 20 year old mobile home on 5 acres for 400k. People just dont have that money here. Even with this Redfin says there is a 20% increase in home value year over year to date. Its laughable. Nothing will sell at that price. I have a fear that these companies, if they place these home assets that they own at a high price can still look solvent on paper. But if the valuation of them drops, they will get margin called and then the market liquidates.
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