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[quote=Anonymous]I'm thinking big picture here.

I think it's going to be a mixed bag short term. I don't put tons of stock in Fed job cuts and scale backs having a huge impact locally. The bureaucracy will grind on slow and steady as usual. The rising rates due to improving economy will affect pricing on the margins, especially on the low- and mid-price homes.

Long term (10-20-30yrs) however there are ominous signs. Automation (not brown ppl) will decimate the job market. American leadership has not been making the appropriate investments in higher education, job training, future energy, and so on to keep us competitive globally. The boomers are going to be a drag on our resources and more attractive overseas opportunities for our young will drain some talent. I'm not a doomsday prepper kind of person in the least. However, I do think civil unrest and some pretty challenging times economically are coming though. The magnitude of these issues is uncertain, but somewhat controllable if we have the political will. Not sure we do. I guess what i'm saying is i'm not bullish on the health of real estate or my 401k plan long term. That's why I bury gold in my yard :D[/quote]

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