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Real Estate
Reply to "I am a buying shark and watching desperate sellers, here's what I see and am doing"
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[quote=Anonymous]I can see prices going down a bit, but 2020 level is a wishful thinking, because inflation is also higher now. This premium in price isn't just because of pure bubble appreciation, but also because everything had gone up in price. The homes aren't more expensive, it's your money buying you less these days. The bubble part is related to ease of borrowing, cheaper rate loans and people still having bigger buying power with their savings. This is the bubble that will pop. Fewer people with disposable cash, because you now have to spend more of it to buy the same things, fewer people willing to take more expensive monthly payment, this will drive prices down a bit, but not necessarily to the level OP wants. OP is also not the only shark in the sea, lol. Right now she is talking about sellers desperate to make highest possible return, not the sellers who are losing their shirt. [/quote]
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