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Real Estate
Reply to "Would you take a $950k mortgage on 300k salary?"
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[quote=Anonymous][quote] Anonymous wrote: Not necessarily. Right now we are seeing price cuts and houses sitting on the market because there are not "plenty of other people" who can afford them. The prices will come down because that is what it will take to get houses sold. Keep saying that. Homes in my W school district are selling well.[/quote] The question is at what price and for how much longer. If you travel America you will see that every location had its heyday and decline. New technology did and still can change everything. And these days that is happening more quickly. Your picture is too narrow. You don't see what is happening globally and how that is going to affect people's wealth and wages. People think they will never be affected until they are. Live by the dollar, die by the dollar. [/quote]
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