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Re: Real estate prices - post Irma
[Re: PMagistro]
#148180
11/07/2017 01:49 PM
11/07/2017 01:49 PM
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Joined: Aug 2000
Posts: 83,601 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,601
Central Florida!
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Gee, I don't know the answer to your question, but I think that it's going to upset some people, as it does seem insensitive..
Carol Hill
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Re: Real estate prices - post Irma
[Re: deputydog1157]
#148184
11/07/2017 03:50 PM
11/07/2017 03:50 PM
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Joined: Apr 2001
Posts: 1,562 Long Island, NY
RICKnGRACE_LI_NY
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Traveler
Joined: Apr 2001
Posts: 1,562
Long Island, NY
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It’s a fact of life. Markets go up and markets go down. I am not talking about stock market but housing markets, automobile markets, food market. It’s all a matter of supply and demand. Post a storm like this there will be more homes for sale. The supply goes up and the prices go down. I personally don’t think this is insensitive or vulturistic. It is a opportunity for people who may othewrwise not be able to afford it to buy something. And I would rather see someone buying and fixing than look at wrecked homes for years. Think on a larger scale and imagine if someone was able to buy the Mullet Bay Property. Then we wouldn’t still be looking at it this way for the last 22 years.
Not looking to start a war. Just another opinion.
Rick and Grace
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Re: Real estate prices - post Irma
[Re: jazzgal]
#148187
11/07/2017 09:30 PM
11/07/2017 09:30 PM
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Joined: Jun 2011
Posts: 50 Ontario, Canada
rpotter28
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Traveler
Joined: Jun 2011
Posts: 50
Ontario, Canada
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I'm a Real Estate guy, so I have to chime in.
We always say Fair market value is what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market.
In every market, and at anytime, there is always a pressured Buyer or Seller somewhere. That's why no rule is 100%, but is true most of the time.
As a Seller, if you find the price too low, don't sell. As a Buyer, if you find the price too high, don't buy.
It's the pressure factor that makes the difference, and that's hard to quantitate.
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Re: Real estate prices - post Irma
[Re: rpotter28]
#148188
11/07/2017 10:22 PM
11/07/2017 10:22 PM
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Joined: May 2006
Posts: 552 Edmonton, Alberta, Canada
KGB
Traveler
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Traveler
Joined: May 2006
Posts: 552
Edmonton, Alberta, Canada
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There is a 3"D's" rule to buy a real estate - Death, Divorce and Destraction. That's when you get a best deal. Cruel but this is strictly business.
"Often Wrong, Never in Doubt"
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Re: Real estate prices - post Irma
[Re: sailbynight]
#148191
11/08/2017 05:30 PM
11/08/2017 05:30 PM
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Joined: May 2006
Posts: 552 Edmonton, Alberta, Canada
KGB
Traveler
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Traveler
Joined: May 2006
Posts: 552
Edmonton, Alberta, Canada
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sailbynight said: What is destraction? I assume your adage needs an I for the E or a U for the A? Thanks Yes indeed, thank you gramma nazi! Damn autocorrect!
"Often Wrong, Never in Doubt"
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