Quote:
Originally Posted by ranchlandsselling
Oh, I fully understand how that starter/midrange price range works. But, assuming someone bought a house 3 years ago, assuming the economic environment was exactly the same, there's really not much reason for a price increase beyond annual inflation. So, with everything being equal sure, some small inflationary gains.
But we're not equal. We're so gosh darn unequal it borders on ludicrous that the prices would be up over 3 years. I think it's stupid that a realtor would likely suggest me listing my place for $75k more than I paid.
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Or it's a case of "after I pay my realtor fees I can't pay off my mortgage if I sell it for less than X"
That's why.