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Real Estate
Reply to "Is it a good time to buy now?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]With rates over 7% it seems impossible for prices to increase over next few years. Much more likely for prices to drop.[/quote] I think that higher rates will choke off supply pretty well, keeping prices high. Who is going sell a house with a mortgage locked in at 3.5% to buy another house at 7-8%? Demand might just decrease less than supply.[/quote] People can only delay moving for so long, so the supply will come back. Demand will not with rates above 7%.[/quote] Most people can actually stay exactly where they are, and not move. Funny how when forced to, people learn to live with and make do with what they already have.[/quote]
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