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Old 03-09-2021, 07:47 AM   #72
TiltonBB
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Join Date: Feb 2005
Location: Gilford, NH and Florida
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The price escalation seems to be happening in many places, with the exception of the big cities.

In one new Florida neighborhood, of about 800 homes, lots started selling about 18 months ago for $160,000. The same lots today start at $500,000.

One person who bought early (18 months ago) had about $1.1 million total into his property and decided to sell. He listed at $1.5 million and sold at $1.4. That is a nice profit!

It does get tempting to sell your home at the top of the market, take a profit, and wait for the decline to buy back in.

But what if you really like your house? What if the decline doesn't happen this time? What value would you put on missing a summer at the lake?
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