I think it's worse considering the inflation in food and gasoline. A 6 pack of beer at the grocery store is $10 now. 1 L of carrot juice is $6. It's unsustainable especially considering how wages barely moved for anyone. I don't see how people are getting by.
For them it is, I think they're one of those companies that buys property from you without listings, etc. then you can move and they clean it up and list it. My guess is the property is on their books and prices have been fluctuating a lot so they could be upside-down on a bunch of inventory with less home buyers because the interest rates rose.
For a home owner selling and a realtor, the realtor likely has to compete to earn business but they are a third party to the transaction.
Could you elaborate? I honestly don't understand...
The effects of subprime crisis was not limited to the US. And instead of people not being able to afford homes, there were lots of people worldwide who lost their homes after they lost their jobs and their properly values collapsed.
I think it's possible market velocity is lower now (house prices still somehow insanely-high while mortgage rates are also much higher than they've been for many years) and expected to remain so longer, than in 2008, which might mean it is worse for Open Door, if not overall.
I think it's worse considering the inflation in food and gasoline. A 6 pack of beer at the grocery store is $10 now. 1 L of carrot juice is $6. It's unsustainable especially considering how wages barely moved for anyone. I don't see how people are getting by.