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worn down
Real Estate Mindset
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Comments by "worn down" (@worndown8280) on "Why ClearValue Tax is WRONG About The Housing Market" video.
Real estate is priced on the margins. Going up all it takes is one idiot to pay 100k over asking price to make a whole neighborhood soar in value. But that also works the same way. I guy needs to sell his house because he is moving for work, getting a divorce or a myriad of other reasons and in a slow market he will have to lower the cost below the "estimated" value to get a buyer. And then every property suffers that same comparative decline in value.
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