Is the Real Estate Bubble going to burst? - New Jersey (NJ) - Page 3

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Is the Real Estate Bubble going to burst?

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11-03-2006, 07:11 AM

Need_affordable_home

Location: WPB, FL. Dreaming of Oil city, PA

2,909 posts, read 13,738,669 times

Reputation: 1026

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Quote:

Originally Posted by exhdo1

I was thinking of reducing my home about a million but then I'd have to give the buyer my house plus 400K in cash which would put me at a financial disadvantage!

I think that poster meant a million in reduction for the most expensive houses, like $10m and up. People with $600k houses like you tend to reduce by $50k up to $100k. If you *must* sell, a low price will help move it.