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Real Estate
Reply to "Anybody else extremely depressed over real estate?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Rates for residential primary homes should be capped at 3%[/quote] Then house price inflation would just be even higher. If you really want homes to be affordable you would need to do something to increase supply, eg get rid of zoning.[/quote] Prices might be higher but monthly payments would be more affordable and there would be more inventory. Interest rates are not imaginary, a 500k house with 7% interest rate costs more than a 500k house at a 3% interest rate, despite what seller and homebuilders think [/quote]
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