Is anyone shocked by some of the latest price reductions?
Check out these Sacramento price cuts :
$134,146 or 30.9% reduction
$92,894 or 22.5% reduction
The Pacific Crest
$127,900 or 28.2% reduction
$130,838 or 27.2% reduction
If you paid full price for any of these, you might break even in 8-10 years.
Or you might not.
Imagine, putting 0% down and waking up $134,000 in the hole before commissions.
Here are two things that just do not seem to matter much anymore:
- “They are not making land anymore”
- “Everyone wants to live in California”
As shocked as anyone might be, this is just a down payment.
How long will it be before we hear “No one could possibly have seen this coming?”
Mike Shedlock / Mish/