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Real Estate
Reply to "What is truly going on with the DC area real estate market, please explain? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Honest question, but why would lower rates mean more demand? Wouldn't the ppl in the market for a house stay the same, they can just afford more? All these ppl looking for a home, would they not be looking if rates didn't drop?[/quote] I know people desperate to buy who literally can't afford to regardless - so rates don't matter if you don't have the income or down payment to afford the home.[/quote] What a revelation![/quote] I mean this board is filled with people complaining about being priced out and hoping for a ton of foreclosures that just aren't happening - let alone in a market like D.C. where the jobs and careers haven't been touched. Maybe they need a wake-up call.[/quote]
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