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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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but banks dont want houses. they want the balance of the loan. in a moderate recession realestate will get auctioned fast and low.
Okay. Whatever you say Mr. Let me know when that happens so I can get one too!
I mean, anecdotally, I do know someone that bought a new build in mid 2008 for about 60k-ish less than what everyone else in the neighborhood bought for (earlier or later). The company building out the subdivision was pretty desperate and he had a solid stable job as a trucker. He managed to get all kinds of perks and stuff too.
A discount of $60000 is not "nothing at all". At current rates, it's about $300 off your monthly payment.
That's $300 more than I can spare.
It's $300 less, not $300 more.
No matter how much you are paying, you can afford to pay $300 less.
oh, you'll know. talk to friends and family who may have been through this before. make a plan (or five) for something that works. there are paths depending on your goals - individual, multi-family, communal, etc. only you (and other potential participants) know what you might want to achieve.
the most important thing its talking to people who have been through it before. start doing that so you have some inkling of what to look for and what might work if you have resources. a great deal of it is luck but some of it is forethought.
reminder: none of this is competent financial advice and you should probably ignore it.
Just google "foreclosure auction" in your area. Those houses will generally sell below market.
Or just use any other better search like Bing or duckduckgo. googol sucks and was never any good.