Calculating Fair Value in today's market

[Boomer]

Thanks, Jimmy. I wonder what the demographic of current buyers are. I mean are they all retirees, or vacation property buyers etc? I'm guessing they are not investment buyers, given that buying now will likely see you lose on the investment for some time to come, based on the activity of the last few years. I could wait a year, but I'd rather not, mainly because I found a few places that would be ideal for us.i'm more interested in the place I'm going to be living in for a long time, than the actual investment, otherwise I'd stay put in my current house. It takes a couple of weeks tops to sell in my area, maybe even only a few days, so this market is doing pretty well, while the SC is really confusing, with so many properties for sale, so few sales and asking prices that seem to ignore that. Someone on the coast is going to sell me their place, so whoever gives enough on their price will be able to move on, while the rest can just stay for sale forever. I'm trying to look ahead 20 years or so, so if the market completely tanks in a year or five, I'm OK with that for now.. People always warn me about moving to the coast, citing things like "when you want to move back, you wont be able to" or, "you'll want to move back when you're sick and old". All of that may be true, but I want my life to include a few good years living there..