Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Wow... In five years the price has dropped by an average $17k. A 15.9% total reduction in price, and that doesn't even factor in inflation (lower value of the dollar)
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Another factor in the true picture is the houses sitting unsold for years. They don't even show up in the statistics. If no one will buy something, it's true value is nothing, or if you are the owner, it has a negative value because it costs you to hang on to your own property.
Wow... In five years the price has dropped by an average $17k. A 15.9% total reduction in price, and that doesn't even factor in inflation (lower value of the dollar)
That is stunning.
Don't forget taxes also doubled due to reevaluation/reassessment.