Hunters Run in Avon, CT has a lot of units for sale. Why the exodus?
Hi again Joe, I appreciate your thoughtfulness. I can see I may have a different perspective than you in how I think of the real estate market. We could discourse this in great length, and I would enjoy listening to your value judgements pondering the views, and sharing mine, but regretfully this internet venue makes that difficult. In essence, I view residential real estate as a commodity, not a product. We all need commodities in life to survive; we do not necessarily need a product. Commodities rise and fall based on market demand; products can be established at an original price and could go to zero. An example is a fad product. There will always be a market for commodities. Thus, though I respect how many might look at their home, or other homes, as to what the market will bear for it now and compare it to what initial asking price may have been when it was either built or purchased by them, as a commodity those prices do not reflect the current environment. So, I’m of the school
