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Reply to "Do you think real estate will slowly decline over the coming years?"
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[quote=Anonymous]It won't go down by much but real estate is so much area and school dependent. It's possible to have the prices stable to increase in one part of the town and go down in another less desirable part of the town. One thing I learnt while house hunting, find a place with a lot of Asian population and prices rarely go down a lot. One of the reasons is Asians tend to save a larger part of their income, more conservative in house purchases so less chance of foreclosure. In addition, education is a huge priority so public school rankings stay strong which is a big predictor of house prices. Just my experience in a MCOL city in south.[/quote]
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