SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Income Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: brehm233 who wrote (52030)10/23/2025 12:14:56 PM
From: Privately1 Recommendation

Recommended By
brehm233

  Read Replies (1) of 52045
 
Re: I think this is trying to tell us something....fwiw

Interesting article. I was surprised to see how many buyers were walking away last year. yes, its up this year - but they were higher before than I would have expected. 17%+ last year (climbing as high as 20% this year)? Hard to believe that the rate is so high.

I am in the SF bay area (Silicon Valley) where the rates jumped from 2.x% to 4-6%.

- Maybe folks here do more diligence before signing because home prices are so high? A 2000 sq ft house on a ~6000 sq ft lot is $2M+ in a neighborhood near the edge of the "sprawl, while in neighborhoods closer to the center are around $3+ (and up).

- Maybe it is just the laws/customs in the higher walk away rate locations and how much people have to put at risk? Here, if you have to put down a five or six figure deposit to get into contract, you might be more reluctant to just walk away?

-Maybe it is because there is still a pretty stiff housing shortage here (if you find something you would be willing to buy, you jump on it and ride it out)?

-I hear inventories are up, but I know there are still a lot of "as is" sales - and maybe that is a factor? Two of my kids bought as-is in recent years (and did massive remodeling), but there weren't a lot of "outs" for inspections, etc. that would let them walk away in the as-is deals.

I keep thinking we should sell (our home is up more than 10x what we paid for it decades ago) and pocket a couple million. Unlikely to happen because half my grandchildren live within walking distance so my wife would never go for it. She says she will get rid of me before she gets rid of her house (so if I stop posting, someone please go look for a patch of freshly turned dirt in the garden....).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News