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Reply to "Why do expert say: Buckle in for a brutal free-fall in home prices - Housing Bubble"
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[quote=Anonymous]The people who act as though DC area prices will not come down are just guessing. Sure, it's not 2007, but that doesn't mean different factors today won't yield the same outcome. Folks should learn the term "black swan event" or "black swan theory," which describes many asset crashes. For the lazy: "A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight." https://www.investopedia.com/terms/b/blackswan.asp [/quote]
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