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Ditto the real estate agent who sold the Priors their overpriced house.
Just a bit of context—I live in a poorly insulated and overpriced house in central Auckland, that's also home to a garden of mould.
"They're not strapped with an overpriced house that they bought a few years ago and have to sell in order to buy," he added, explaining that the condos were "not step-up housing; interest rates are low, and it's a buyer's market right now".
Yup, the overpriced house you didn't want to go back to as you cowered at your desk in Holborn, well, you can't go back to it now because all the plug sockets are full of this "water" shit, and apparently that means you're going to have to wait for the electricity to dry out or some or other bullshit that's basically going to put you into negative equity for the next five hundred years.
You don't want to get stuck with an overpriced house when the bubble bursts.
The overpriced house stays on the market, and statistics from the Multiple Listing Service indicate that the longer a house is on the market, the lower the selling price in relation to the asking price.
Similar(49)
Few denied that the Irish had brought their troubles upon themselves, by living high on the hog and selling vastly overpriced houses to one another.
Thus the population of Clark County, the area around Las Vegas, quadrupled between the 1980s and 2008 (before shrinking slightly in 2009), as people from southern California, in particular, fled overpriced houses and moved to Las Vegas.
Or, daftpunk suggests: "How about actually building some houses rather than electioneering policies to support an already overpriced housing market?" The proposed crackdown on Lord Ashcroft's Belize tax haven was not a vote winner either.
A belief in instant riches lured millions into buying internet stocks in the late 1990s or overpriced houses in the middle of the past decade, when any personal-finance adviser worth his salt should have been advising clients to run in the opposite direction.
Dirty streets, overpriced housing, psychotic cab drivers, yes we have those.
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