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Reply to "Florida Housing Market Faces 'Nightmare Scenarios' as Deals Collapse"
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[quote=Anonymous]It's simple, the market is flooded with people who got a bunch of equity from 2020-2023 and want to tap into that money. Prices are dropping as a result so people won't have quite as much equity as they thought, darn, but will still have a lot of equity they got for no good reason. I'm very happy with the condo I bought in late 2020, 2.8% interest, 3% down and the sellers paid the closing costs, great price and now I have over 100% equity based on what I paid. It could drop a whole lot and I won't care. Also, I have good homeowner insurance and it hasn't gone up hardly at all since I bought. It's not an emergency unless your expectations are unrealistic.[/quote]
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