…I’ve been posting for a couple of years now, and First started mentioning this breakdown now over a year ago. The scope of this, however……..amazes me.
I heard a story a couple of days ago, about the lending market just….stopping last week. No reason, other than fear and uncertainty. Just stopped.
If the ability to borrow money to buy a house goes away, the theoretical value of your home is zero. No market, no buyers. For someon who has to sell, that’s a tough place to be in.
And thus, the post. Your home’s value right now, has nothing to do with the actual value of your home. It has everything to do the Buyer’s ability to get a loan to purchase your home.
Things are so fluid now. These posts are going to be short, quick, and, well….fluid……