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Reply to "The DOGE Downturn - Kensington"
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[quote=Anonymous][quote=Anonymous]Well, ultimately everything comes down to price vs local income and interest rates. Can Rockville support very middling houses priced at $1 million plus when the median income is $64,000 and average mortgage interest rates are 7 percent? No, of course not. Home prices are so far beyond the historical norm that eventually it's going to correct hard. [/quote] Overpricing correction. Imagine paying some of these high amounts to live in SS or Rockville. [/quote]
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