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re: Drudge linked, Economist on housing bubble: We never left the bubble, its bubble inception
Posted on 1/22/18 at 10:29 am to cokebottleag
Posted on 1/22/18 at 10:29 am to cokebottleag
I'm looking at you DFW property values. I just don't understand people who invest in properties with artificially high valuations due to rates. Isn't the play here to be patient until the fed is done raising the benchmark? I'm approaching thirty and can't understand why people are buying at my age right now. And it's happening quite a bit.
1
Posted on 1/22/18 at 10:38 am to wutangfinancial
quote:
I'm looking at you DFW property values. I just don't understand people who invest in properties with artificially high valuations due to rates. Isn't the play here to be patient until the fed is done raising the benchmark? I'm approaching thirty and can't understand why people are buying at my age right now. And it's happening quite a bit.
Rents are going up in Houston too for apartments. The economics of it just don't make sense.
In 2014, the oil market crashed. Houston, probably the center of the oilfield and services in the US, had major layoffs and bankruptcies.
And housing prices... went UP.
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