My sister has lived in an Century old mansion in Atlanta for about 10 years putting a lot of money into it convinced that values in the neightborhood were only going to go up and away. As of last year, she was totally convinced that her home was worth a whole lot of money based upon the fraudulent comp sales in the neighborhood. She listed it last year as a lofty value and did not get a single offer
I talked to her recently and she is critically aware how much prices have come down and has taken the house of the market.
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