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Real Estate
Reply to "DC Area Housing Bubble? "
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[quote=Anonymous][quote=Anonymous]There is no bubble. That is not to say you won't lose a little value here and there but you are wasting your time if you are expecting a sharp decline across the board Population is growing, region is growing, it's supply and demand.[/quote] So you think prices will stay the same even with significantly higher interest rates? Because from what I can tell, many people already stretch the limits of their income to buy starter homes in close in areas. Those people would have to buy further out if interest rates go up but prices stay the same. Then the question is whether there are enough buyers with deep pockets to replace them. The amount of unsold new builds suggests there are not. It might not be a bubble in the current low interest environment, but that could easily change. [/quote]
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