Alphabet person is hilariously determined to spread gloom and doom as far as possible. Facts would include actual quick sales at high prices. An apartment in my building closed in June at the price it was listed at before the pandemic. This is not wishful thinking
--this is a fact. I have no doubt that sale prices overall will go down, but it's not as dire as you depict, not necessarily.
Someone on the JH FB group posted that his building just had a record price for a unit. I'm not sure which building, though, or the price. But record price sounds promising
Shelby, you mean this comment from Facebook?
"our building just had a record price listing for a unit"
A price listing is very different to a sale.
In the same posting there's this comment on Facebook.
" I’ve been doing real estate in the area for years and lived there for 38 years.. Rental rates are def down, so are sales."
This grasping at straws is crazy. In 3-5 years, the downturn will revert. So no need to really worry.
Like I said before, this will be great for younger folks to be able to buy something at a lower price point. Like for those who were able to afford to buy in JH after the last recession when prices plummeted.