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SVTPerformance's Chain of Restaurants
Road Side Pub
Thoughts on Real Estate- bubble burst or not?
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<blockquote data-quote="cobracide" data-source="post: 16706884" data-attributes="member: 4644"><p>There are a lot of all cash home buyers out there, it's not like 2007 where loans go to anyone. Cash wins over financing every time. The buyers are much better off than the 2007-9 because there is a limited number of homes and they are going to the most financial stable buyers (mostly). You're not going to find a bunch of people defaulting and massive foreclosures on a few rate hikes. Anyone whom is taking out a variable rate mortgage is an idiot because everyone knows interest rates are going up.</p></blockquote><p></p>
[QUOTE="cobracide, post: 16706884, member: 4644"] There are a lot of all cash home buyers out there, it's not like 2007 where loans go to anyone. Cash wins over financing every time. The buyers are much better off than the 2007-9 because there is a limited number of homes and they are going to the most financial stable buyers (mostly). You're not going to find a bunch of people defaulting and massive foreclosures on a few rate hikes. Anyone whom is taking out a variable rate mortgage is an idiot because everyone knows interest rates are going up. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Thoughts on Real Estate- bubble burst or not?
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