Quote:
Originally Posted by fotze
You can certainly tell how peoples opinions on the market's direction are guided by their personal situation.  Guys who just bought are bullish and guys hoping to buy are bearish, but there is no bias at all. |
Yup.
The only thing you can really look at are what the same place is selling for. What I was saying about my area. One is now priced $20,000 below what I bought mine for and what one sold for a few days ago. It's a retired couple, they bought a long time ago, but now have to sell because they have to move the husband into a home because of alzheimer's. It's a poor time to have to sell quickly. You can see what "having to sell" does to you in this type of market.