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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So the recession of 2008 there were not thousands owing more than their property was worth and defaulting on their loans. As for no inspections. There are alot of cash deals, I know people who lost out because of that situation. It is happening. Just because you pay cash doesn't mean your not underwater when the value decreases. You will need to hold on until the value returns.