Three all-too-common viewpoints, me thinks:
1. The “Phew, got out just in time” seller:
2. The “We can’t believe how fast the tide did turn” sellers:
"We looked at it as a shame we hadn't been selling a year ago," Dinsdale said, "but we're happy we were selling now as opposed to six months from now."
3. The “We’re trying to convince ourselves it was a good decision but still really scared it wasn’t” buyers:
"It was amazing how fast everything around us came down," he added."Even swimming downstream is tough."
"I think if I might have waited, I might have got a better deal," Ray Keyland said, referring to the three-bedroom, 1,779-square foot house they picked up for $399,000.However, Keyland added that he also worried they might run into higher interest rates. Now that they're in the house, "we're in it for the long haul."For them, I hope that one per cent hike in interest rates isn’t the difference between “long haul” and “Oh, sh$t.”