Showing posts with label the folly of homedebtors. Show all posts
Showing posts with label the folly of homedebtors. Show all posts

April 29, 2007

Why do desperate homedebtors think they get to set the price?

"I'm not gonna sell for a penny below what I owe"


"There's no way I'm gonna take a loss"

"I deserve what my neighbor got last year"

"I'm gonna find a realtor who can get me what my place should go for"

Uh, no, you're not. The market sets the price, not the homedebtor, and trust us, that market price is WAY below what it was last year or the year before.

It's time for the Great Housing Blue Light Special.

Cleanup on aisle three.