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I don't know. But for most people, it will be worth less.
Maybe for you, with all the Russian money coming in, your house will hold its value.
Why do you think houses will hold their value? Do you think the economy is going to improve in the next 2-3 years?
I think they will be worth more in vast majority of places in US, and I say that because the current prices are still low, and there is demand when many renters want to become owners. If another bubble appears, it will be a future event. It is not happening a the moment.
I think they will be worth more in vast majority of places in US, and I say that because the current prices are still low, and there is demand when many renters want to become owners. If another bubble appears, it will be a future event. It is not happening a the moment.
I don't agree with you, but hopefully things work out for you and you suffer no hardships in the future.
I don't agree with you, but hopefully things work out for you and you suffer no hardships in the future.
That's cool. It is ok to disagree about future predictions. Personally I did not suffer hardships last time, because I got out the right time, and I doubt I will suffer in the future either. I just don't' think it is a good time to get out at this time. Not even close.
That's cool. It is ok to disagree about future predictions. Personally I did not suffer hardships last time, because I got out the right time, and I doubt I will suffer in the future either. I just don't' think it is a good time to get out at this time. Not even close.
As long as you buy beach front property or allow your renters to sublease, you should be fine in the event you're wrong about your economic forecasts.
Here too, but investors these days do a lot of cash purchases, and the 22% spike in mortgage application is an indicator regular people are buying homes to live in. Of course many of those in the 22% are also refis.
Finn that spike was from one week to the next. One week. I posted the historical trend earlier you can go back and look if you so desire. That is like saying the temps rose five degrees from last week so we are all going to die of global warming soon.
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