Tuesday, March 17, 2009

How is the bid on the house doing?

It takes a few days before the owner (Fannie Mae) answers on offers. We know there is another bid and our offer is hopefully higher than theirs.
Some people have no idea how home prices have REALLY imploded here. Our offer is close to the price the first owners paid for it in .... 1999, 10 years ago.
With a modest inflation of 4%, that is a loss of at least 60% in 10 years.

To be continued ...

1 comment:

Anonymous said...

Laat maar weten wat het wordt
"Keep my fingers crossed"