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| post_id | thread_id | thread_title | post_number | author_username | post_date | post_date_iso | post_body |
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| 208573 | 10448 | Cities to Surf and raise a family in that are somewhat affordable? | 94 | Sax-son | May 28, 2021 | 2021-05-27T20:29:35-0400 | GETWET said: here is a good chance the prices will become more reasonable. He bought low, it went up, up, up, Then it came back more realistic. Now its back up. Click to expand... I don't have any crystal ball, but I have experienced about a half dozen or so real estate booms since the mid 1970's and they seem to fit a particular pattern. At first, it's like a world gone mad and a buying frenzy, then the prices start going way beyond most folks budgets, then if interest rates start to to creep up, buyers start getting cold feet and then the bottom drops out. My idea is more of buying when the prices are lower even if interest rates are higher. Once you get a mortgage you can refinance later at a lower rate. Perhaps that is not happening at the moment, but nothing can continue climbing and climbing. One caveat though, they never go back down to where they were. They seem to settle back somewhere in the middle. |