Do you honestly think that the USD's weakness is simply due to FX manipulation?
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What Median Home Prices Would Look Like If the Bubble Never Happened
- Thread starter commoditiestrdr
- Start date
Quote from tortoise:
I'm renting a place in Sherman Oaks, a house the owners purchased in '06 for $1m with the idea of doing a rehab. They're trying to sell it, right now, for $750k. No bids.
[edit: just found out they've pulled it off the market, thinking things will look better in the spring...]
You may want to have a back up plan for when/if they get foreclosed on.
I would kind of suck to get a notice one day that you have 10 days to find a new place to live.
commoditiestrdr
Commodities View
Quote from balda:
The mentality of the home owner is
"I'll never sell at this prices, If I will not sell price will not go down."
That's so true....exactly what I was thinking the only thing is that most people went into variable interest only loans. Eventually the fed will have to raise rates to take on inflation and when they do most of those people will go into foreclosure (tons already have) forcing a correction....that 's what I think.