look at the % increase these sellers have enjoyed.
"85 Collins asking price = 639K. The last sale was in 1990 for $50,000. The owners expectations could be brought down if they realise their expectations are too high."
you think these guys are stressed??? really? sure squeeze away, what was the IR in 1990 16%? what do think there frinds said when they paid 50k for it OMG your mad!! hahaha
No he's not stressed. It just depends on motivation to sell. Hence i said this info is more useful if the person selling purchased recently.
I LOL at you pwinnie who can't seem to understand we are not headed for never ending capital growth and long-term price appreciation above real increases in wages as was the case from 2001-2010. Your argument sees this house valued at over 8 million dollars by 2030, and an average wage to house price ratio of 30 in about 50 or so years.
Excuse me for thinking that the average house price won't be 30 times the average wage in 50 years.
