Quote:
Originally Posted by tallrick
When will people learn that rapidly rising real estate values are the first sign of economic disaster? Conversely, falling real estate prices are an indication of economic strength in the future. When money pours into infrastructure, less goes into non-productive residential real estate. Infrastructure feeds business while residential real estate is a money pit of consumption with no real economic benefit.
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Our government is willing to keep prices inflated at all costs. If they would let prices correct, maybe first time buyers could afford a home. These falling home prices are only a disaster to the greedy people who thought they could get rich quick off the bubble.
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