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Real Estate
Reply to "Why do expert say: Buckle in for a brutal free-fall in home prices - Housing Bubble"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The people trapped in their homes with low interest rate mortgages will require an unemployment event to start the housing price avalanche. Prices could remain stable in housing with a corresponding loaf of bread costing 50 dollars. It’s a currency collapse.[/quote] It would take quite the high new income offer to leave a low payment house, sell it and rebuy the same elsewhere with a high monthly payment. I don’t think people will move for a new job unless it is very lower cost of living there. Employers will have to make roles remote, or find a wealthy new employee…[/quote] Employers hire young people mostly. And they are renters. [/quote]
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