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Real Estate
Reply to "No houses - what to do?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]In this area, housing prices tend to go up. Impossible to time when the dip will happen.[/quote] Right, prices tend to go up. That’s true. But not 20 percent in a year. That is not normal. You don’t normally expect that a house that sold for $1 m a year ago would now go for $1.2 m a year later. I certainly didn’t see anyone predicting that increase a year ago - when unemployment was skyrocketing [/quote] Panic buying is happening now. Combine that with amazingly low rates and limited supply and crushing demand, and there it is. Maybe a little, tiny bit of air will come out of the market when offices tell people to come back in. People reached for space and fence sitters got off the fence. Hidden gem markets like Cleveland shot up. I don’t know what to tell you. The line between haves (owners) and have nots (renters) is only going to get worse.[/quote]
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