Surely a houses value is only what someone is willing to pay for it. If there is no demand for larger houses then they aren't worth what they are priced at.
I was in the market for a new home a few years back. An old man wanted over 1.1 for his “custom built dream home” valued at 700k solely because it “took years to carefully select the wood floors, countertops and wallpaper”.
The house was beautiful but I wasn’t about to pay extra for his “dream “.
LDKCP on October 3rd, 2019 at 10:11 UTC »
Surely a houses value is only what someone is willing to pay for it. If there is no demand for larger houses then they aren't worth what they are priced at.
Hollywoodcd3 on October 3rd, 2019 at 11:15 UTC »
I was in the market for a new home a few years back. An old man wanted over 1.1 for his “custom built dream home” valued at 700k solely because it “took years to carefully select the wood floors, countertops and wallpaper”.
The house was beautiful but I wasn’t about to pay extra for his “dream “.
jakethealbatross on October 3rd, 2019 at 11:25 UTC »
"... can't sell them." For the amount of money they want for them.