Serious Q. What would you have to start seeing in the numbers before you would expect distressed sellers?
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Mike Simonsen 🐉
@mikesimonsen
Replying to @ErinCollard
Distress / foreclosure requires 4 things
1. Long term unemployment
2. Bad loan terms (high payments)
3. Low/negative equity
4. Very slow market (can’t sell)
We have #4 in much of the country now. None of the others are true in any scale.
A few folks who bought recently with
1. Long term unemployment
2. Bad loan terms (high payments)
3. Low/negative equity
4. Very slow market (can’t sell)
We have #4 in much of the country now. None of the others are true in any scale.
A few folks who bought recently with
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