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Real Estate
Reply to "Should current homeowners wish for home values to decline?"
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[quote=Anonymous] ^ Plus you will be much better off financially than buying a house that is a couple hundred thousand more and watching it decline in value as this area goes into a recession (which is very likely right now). With the crappy cheaper house you will not see the hundred thousand dollar decline in value. It could decline, but not by nearly as much. If you fix it up it is likely to sell faster than the more expensive house just because it will be more affordable for people. [/quote]
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