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There is nothing new here. The value of United States residential real estate has been over inflated for quite some time.
ALL OVERINFLATED MARKETS EVENTUALLY CORRECT THEMSELVES.
There isn't about Conservative or Liberal, Democrat of Republican this is just economics and capitalism at work. As of now there is an oversupply of housing and an undersupply of buyers. It's going to take quite some time for this problem to correct itself.
There is nothing new here. The value of United States residential real estate has been over inflated for quite some time.
ALL OVERINFLATED MARKETS EVENTUALLY CORRECT THEMSELVES.
There isn't about Conservative or Liberal, Democrat of Republican this is just economics and capitalism at work. As of now there is an oversupply of housing and an undersupply of buyers. It's going to take quite some time for this problem to correct itself.
It would have taken less time had the government not created the second bubble. Thus the point of my original post.
"Americans got richer in the third quarter even as home values hit the skids after more than a year of increases.
Net worth for households and individuals climbed $1.2 trillion, or 2%, to $54.9 trillion in the third quarter, according to the Federal Reserve's Flow of Funds report released Thursday."
around here most houses built in the last 20 years are to big and nobody wants them.so they can't sell em at any price anymore. the smaller homes lacking granite counter tops and stainless steel appliances and fake hollow sounding temporary floors are holding their own. and you can actually afford them even though the flippers came through and drove up prices. many went bankrupt at the end and I cheered
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