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Reply to "Federal Reserve: signs abound that housing market is entering bubble territory"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]1) [i]“panic selling: the worry that conditions are going to get worse.”[/i] It wouldn’t be anywhere close to the scale of panic buying. People will ride out to avoid losses. Just like they did in 2008. 2) [i]“wait 10-15 (20?) years to recover” [/i] Values won’t drop that much - if at all. And unless you overbought in a weak market[b], it won’t take 10-20 years to regain loss. [/b] :roll: [/quote] Many 2007 era losses have only just been recovered in this year’s price surge. That’s 15 years. [/quote] Please show examples of this, or better, data or analysis. Because it sounds like urban legend.[/quote] It's very true for certain places that were hit especially hard. It's completely untrue for our area.[/quote]
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