Reply To: You have been told! – Buy now before prices rise.

#91917
Anonymous
Participant

Bargain pricing is indeed relative. I looked at a nice rustico place today, that was at least 300K below prices a year or two ago, and something less than half price.

But, financing these places is very difficult at the moment, so this bargain price will probably fall further, as very few will have the cash available to buy. This anticipated further fall of course means that the bargain price today, is unlikely to look so good in 4 months time. And who nows how far down this spiral will go.

It’s all a bit silly, but I guess that’s the way the market works. Very tough on the sellers!