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Originally Posted by John Holmes III
A house that is over appraised is risky for the buyer and lender. It's a big problem in the industry.
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I agree with this, the prices are astronomically insane on much of the property these days. Our house would sell for more than we owe on it, pretty sure.
In many of the areas in which we travel the houses are priced at much higher prices than people who work in the area can afford to pay. Someone has to pay, something has to give.