The next door neighbors are moving out and selling.

That was this thread:

exposingwot.com

Zillow bites the big one in my neighborhood.

So you remember me talking about how Zillow and Nextdoor and all of them were going around buying up houses for stupid amounts of money? Well, this house is on the main street leading out of my subdivision. It's had the Zillow for sale sign out in the yard for over a month now. Curiosity got...
exposingwot.com exposingwot.com

It's still for sale. The Zillow sign is gone and there's a sign for some Realtor Couple up there, but it's still owned by Zillow. It's been on the market now since January 4th for the same price.

They are simply not going to sell it at that rate. I don't see any chance of the neighbors getting a half million dollars for their house either. These people are just flat out delusional.
 
I'm wondering what sort of mortgages all these people signed...if they were variable rate like the early 2000's. If so, they're going to all be selling to get out from under them and once again the market will crash. Hard.
 
You must log in or register to reply here.
Top Bottom