dizfan
DIS Veteran
- Joined
- Dec 6, 1999
- Messages
- 2,245
There IS a point where length of contract is going to start having a negative impact on resale, even at BCV. Right now people look at 28 years versus 40+ years and it's not much difference. But another 10 years, when it 18 years versus 30+ years, that'll start to affect prices.
The truth is though I feel like its a mistake to buy based on what you hope future resale values happen. A serious worldwide recession could hit in 5 years and drop ALL resale values in the toilet.
Completely agree with you on that worrying about future resale values is a mistake.
I agree, in time people will focus more about length of contract. For BLT, we just need to get through the initial phase of emotional purchasers deciding to sell after a few years. A big positive for BLT is all the points were purchased after the economy started crashing. Should be a high percentage who understand the economy expands for years, then contracts for a period, repeat...