Thread: Home and Auto Family can't move into house they bought
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Old 04-05-2021, 07:19 PM   #170
vailpass vailpass is offline
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Quote:
Originally Posted by DaneMcCloud View Post
People always contend there's a "Housing Bubble" and that prices will eventually "Come Down". But when has that ever happened in large markets before?

We bought our home 17 years ago and all I heard was "Wow! That's a lot of money! I'm going to wait until prices come down because these prices can't last!!".

17 years later, my home is worth three times the purchase amount and no, it has never gone down in value.

The market is going crazy everywhere, from South Carolina to the panhandle of Florida to the entire West Coast. If it goes down in one market, it'll go down in every market and I just don't think that's going to happen.

Welcome to low interest rates and a housing shortage.
This. It might dip a little but it will never go all the way back. A relatively small investment in a piece of property in San Jose 20 years ago has turned into something bordering on ridiculous.
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