Quote:
Originally Posted by joey2665
Completely disagree. There has only been 1 real estate correction and not long after the values return to pre correction level and increased substantially. Who says no home inspections? The only way you can go without one is if you buy for cash which is very rare and even if you are buying for cash you should always get an inspection. Also a back will need a home appraisal just because it’s over list it might not be over market.
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During my adult years It happened more than once. I am now in my third home purchased in an area and time when the market was not experiencing a boom. The first 2 were purchased in a down market after corrections and sold when the market increased after being down.
The point of my original post, alot of people are overpaying now and it will come back to bite them later. I have seen it happen more than once over the last 30 years. Runs in cycles.