My friend inherited two homes - one from each parent. He sold one within 10 days of listing it for almost full asking price., and has the second one going on the market as soon as the roofers finish with repairs. Suspect it will sell quickly as well, as it's a gorgeous mountain cabin in the hills of Marin County, CA.
With interest rates as low as they are, and house prices down, investors are buying homes like candy, as are people who have money and credit. The sub-prime market may be dead, but it should never have existed in the first place. Losing the deduction would hurt the middle class more than the rich, as the rich will always find a way to shelter. On Sun, Sep 26, 2010 at 3:08 PM, Jerry Barnes <[email protected]> wrote: > > "As would anyone trying to sell a house" > > Probably if it was paid in full, they wouldn't sell. > > The housing market has been in correction for a while so no deduction > wouldn't hurt people buying as much as those stuck with a mortgage and those > wanting to sell. Of course this same group is screwed now, especially with > so many upside down mortgage. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:327946 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
