“I personally know 5 people that have overextended themselves with multiple houses and condos that they only bought to sell in the future. These are not realtors or people that have any investmeny knowledge in general, they are people that have owned for a long time and took advantage of the mania of the last 6 years to leverage up to the max on as many propertiea as they could. None of them have gotten out yet and I know for a fact they are underwater on some of these and hoping to sell in the spring.”
– Groundhog at VCI 29 Nov 2012 3:05pm
Of all the ‘springs’ that we’ve been watching over the years, this one is perhaps shaping up to be the most eagerly anticipated.
There appear to be a lot of owners intending to list and sell in the spring. And bears are wondering where the buyers are going to come from.