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re: WSJ: Consumer Appetite for Cars, Homes Boosts U.S. Economy
Posted on 7/15/20 at 12:29 pm to goofball
Posted on 7/15/20 at 12:29 pm to goofball
I believe it. My area’s housing market left us in the dust. Saw a dump that needed a lot of work listed for $375k. I thought no way would I spend that much on a 3/2 that needed a bunch of work. Sold for $390k. Cash offer.
I really can’t see how this is sustainable. People buying houses right now are competing with 15-20 offers (realtor friend says). Are their houses really going to appreciate in value over the next five years?
I really can’t see how this is sustainable. People buying houses right now are competing with 15-20 offers (realtor friend says). Are their houses really going to appreciate in value over the next five years?
1
Posted on 7/15/20 at 12:36 pm to StringedInstruments
quote:
Are their houses really going to appreciate in value over the next five years?
only if their area becomes super desirable for whatever reason.
interest rates cant really get lower, so they'll either continue be artificially held down like they have been for a decade, or theyll be allowed to rise.
the rise is inevitable, who knows when, but when that happens your price drops.
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