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Real Estate
Reply to "When will it reset or crash"
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[quote=Anonymous]I don't think it will crash. I'm sure everyone is sick of hearing this but what is happening now is not like what happened in 2008. It's not that people will not be able to afford their homes in the future, necessarily, but that there aren't enough people selling and not enough builders building. Inventory is low so selling prices are high. Higher mortgage rates are not helping either as those who do not need to sell will not unless they have a good reason or don't need to finance; which keeps the low inventory low. For the foreseeable future the housing market in desirable areas will be competitive. When rates decrease a little expect it to get even crazier. This is the new normal. Those who will be able to buy will largely have large deposits or cash from family (boomers). No crash. [/quote]
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