Us Expensive Properties Dilemma

Ever since the mortgage crisis took off in the US real estate market

, things have never been the same again. Ordinary property prices for the masses clamped down hard and never bounced back in spite of all the optimism and the US bail out package. The world seems to be crying over the sad demise of many property investors not being able to even recover their investments what to talk of gaining anything. Many would think that this has nothing to do with the expensive lot of properties in the US and as the reason go that rich people will buy expensive things, and it has nothing to do with all the fuss. We would have been glad if the statistics would have really backed our claims for any recovery in all kinds of properties. The economic recession has hit the expensive properties even harder then anticipated. Great investor and famous billionaire Warren Buffet once rightly said that Unfortunately, the economy is a little like a bathtub. You cant have cold water in the front and hot water in the back. So as the saying reveals hearts have been broken and emotions have been tempered with because of the response the very expensive properties have got after being listed on sale for months or even more then a year.

The sellers are really disappointed especially the owners have really felt the pain when they needed the proceeds of the sale the most. They have been trying to invent new strategies that would make them able to sell their properties they made with their heart and soul. They are slashing the price tags by 25% to even 30% to get the deal done and amongst the effected are the owners and sellers of properties falling in price tags of many million dollars. Some of the properties have been so long on the list that despondent sellers have got their properties de listed from the selling properties list after a never ending wait for a paying potential buyer. Some of the real estate experts believe that the property prices earlier were build up out of ravenousness and the prevailing prices show the actual worth the properties have in the market. The other thing that has also been considered as a major factor behind this extra charging of price is the emotional attachment of the owners that has furthered the price increase to extravagant levels. One of the most important features that made a world of difference was the credit lending facility. Since many buyers wanted to get leveraged by the loan facility, it wouldnt mean hurting their regular business operations by buying a large chunk of property on cash. Since the overall business scenario has been in woods for some time, inability to get financed or being already in problems has also decreased the number of buyers interested to buy such expensive property lots.

by: William

POST COMMENT

Use your rehab properties to add to your credibility Buying Foreclosed Properties: Character Is Key Introduction To Retail Investment Properties Single Tenant Net Leased Properties The Pros And Cons Of Sale And Rent Of Properties In Dubai Investors Lining Up For Foreclosure Properties U.s. Investment Properties For Overseas Buyers Why More and More People Are Looking for Properties for Sale in Costa Blanca A Closer Look at Pre-Construction Properties Why Many People Are Buying Properties in Greece What You Need to Know When Buying Spanish Properties Leasing Properties in the UK Invest In Properties In Delhi