Just about every case of homeowners having difficulty selling their homes shown on TV, are those who bought and financed big ole' homes in the 500K to 1M category! Anybody noticed that. Hail' yeah, those sellers are struggling to find buyers. That market value of Homes is very small compared to the average 150K to 300K category. Today, they were showing a home in Florida, and one somewhere else, whose owners, have down priced their homes anywhere from 50,000 to 200grand, trying to get rid of the homes. The monthly mortage is probably anywhere from 3,000-6,000. The market of Homes not particularly having trouble selling is the 150grand to 350grand. It' is' just those dummies who saddled themselves up with the big monthly payments. They got into the homes with little investment, and with less than average credit credentials. Some of those criminal minded folks who lost their homes due to being repossessed, stripped the homes of everything including the kitchen sink, I saw on Fix News Channel.
