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SVTPerformance's Chain of Restaurants
Road Side Pub
Housing Options
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<blockquote data-quote="Corbic" data-source="post: 16579056" data-attributes="member: 171475"><p>Some okay and some awful advice in here.</p><p></p><p>Depending on location, prices are not coming down.</p><p></p><p>The dollar is not going to recover its value, we're on the verge of hyper-inflation. Everything is more expensive. If you buy now you at least lock into a debt rate, plenty of renters are getting the shit squeezed out of them with dramatic increases in rent.</p><p></p><p>Any reduction in home values will likely be matched with dramatic increases in rates and purchasing requirements. I'd rather pay 2.1% with 20% down on something "over-priced" than 9.7% with 35% down on something "not-overpriced"</p><p></p><p>Second, any economic downturn will result in a supply reduction. Banks will not be as forgiving this time around and you won't see the market flooded with foreclosures. Go look at NYC real estate right now. People will sit on vacated property for years while refusing to lower asking prices.</p><p></p><p>Third, Columbus Ohio or Indiana? Kinda doesn't matter, but the large Off-Coast cities are booming because of an influx of coastal refugees. Your competing with money coming from California, Oregon, Washington, New York, New Jersey, Virginia, etc.</p><p></p><p>Some boom areas, Texas, Nashville, Arizona, Kansas City, they have real numbers behind those increases, it's not a fluke bubble.</p></blockquote><p></p>
[QUOTE="Corbic, post: 16579056, member: 171475"] Some okay and some awful advice in here. Depending on location, prices are not coming down. The dollar is not going to recover its value, we're on the verge of hyper-inflation. Everything is more expensive. If you buy now you at least lock into a debt rate, plenty of renters are getting the shit squeezed out of them with dramatic increases in rent. Any reduction in home values will likely be matched with dramatic increases in rates and purchasing requirements. I'd rather pay 2.1% with 20% down on something "over-priced" than 9.7% with 35% down on something "not-overpriced" Second, any economic downturn will result in a supply reduction. Banks will not be as forgiving this time around and you won't see the market flooded with foreclosures. Go look at NYC real estate right now. People will sit on vacated property for years while refusing to lower asking prices. Third, Columbus Ohio or Indiana? Kinda doesn't matter, but the large Off-Coast cities are booming because of an influx of coastal refugees. Your competing with money coming from California, Oregon, Washington, New York, New Jersey, Virginia, etc. Some boom areas, Texas, Nashville, Arizona, Kansas City, they have real numbers behind those increases, it's not a fluke bubble. [/QUOTE]
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