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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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<blockquote data-quote="jpro" data-source="post: 16798155" data-attributes="member: 72690"><p>You might be right, I don't know. And it seems realistic IMO. To go from $400k to $275k that is a decrease of about 42%. If you apply that to my situation, the value of my home would be about $575k. If you told me I would buy a house and in 2 years the value would increase by $50k I'd be happy; that's about 5% growth per year. Seems "normal" to me. For a home's value to be artificially pumped up by over $300k in 2 years is unrealistic. Easy come, easy go! </p><p></p><p>Your scenario also seems more likely given the fact that wages/compensation are becoming stagnant again after increasing rapidly over the past year or so. With workers' pay not increasing dramatically, they have less spending power.</p></blockquote><p></p>
[QUOTE="jpro, post: 16798155, member: 72690"] You might be right, I don't know. And it seems realistic IMO. To go from $400k to $275k that is a decrease of about 42%. If you apply that to my situation, the value of my home would be about $575k. If you told me I would buy a house and in 2 years the value would increase by $50k I'd be happy; that's about 5% growth per year. Seems "normal" to me. For a home's value to be artificially pumped up by over $300k in 2 years is unrealistic. Easy come, easy go! Your scenario also seems more likely given the fact that wages/compensation are becoming stagnant again after increasing rapidly over the past year or so. With workers' pay not increasing dramatically, they have less spending power. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Real-Estate Bubble Popping?
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