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Reply to "Why don’t people understand that low rates work against them?"
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[quote=Anonymous][quote=Anonymous]Homes under 1 million in the Dc area were selling for even 200k over asking price. That happened in less than 6 months. Prices have been seeing crazy appreciation in the last year. People blame covid. Rates are the culprit. [/quote] Causation vs Correlation, my friend. You're ignoring the tight supply due to people not wanting to move in a pandemic combined with the sudden change in preference trending towards more space and blaming it all on the rate. It's not solely because of the rates. [/quote]
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