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Kame House
Bit of a housing rant
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<blockquote data-quote="Beerus" data-source="post: 27542" data-attributes="member: 1"><p>So I am by no means a real estate expert but it seems rather fishy that housing prices shot up a lot in the last few years and the normal available housing rates are around 4 million nationwide, but they are only just over a million. I was doing a bit of digging. Roughly every 13 years or so, we see a house market bubble pop. The last one happened in 2008, exactly 13 years ago. Meanwhile, there is an increase in telling people to buy up houses and land right now. I see stories of China buying this and that black bank or whatever buying that. Almost as if to get people to panic buy. </p><p></p><p>Did a little more searching around and come to find out the best time to sell is right before a bubble bursts and the WORST time to buy is right before it because banks are handing out high-interest rates and piss poor contracts to just about anyone who wants to buy a house. Once the bubble pops, house and property value is cut in half. I remember in 2008 when this happened to the house I grew up in. A house down the street that was for sale at the time for 225k sold for 100k after it popped. </p><p></p><p>Come to find out this is a cycle brought to you by the federal reserve. What a bunch of horseshit.</p></blockquote><p></p>
[QUOTE="Beerus, post: 27542, member: 1"] So I am by no means a real estate expert but it seems rather fishy that housing prices shot up a lot in the last few years and the normal available housing rates are around 4 million nationwide, but they are only just over a million. I was doing a bit of digging. Roughly every 13 years or so, we see a house market bubble pop. The last one happened in 2008, exactly 13 years ago. Meanwhile, there is an increase in telling people to buy up houses and land right now. I see stories of China buying this and that black bank or whatever buying that. Almost as if to get people to panic buy. Did a little more searching around and come to find out the best time to sell is right before a bubble bursts and the WORST time to buy is right before it because banks are handing out high-interest rates and piss poor contracts to just about anyone who wants to buy a house. Once the bubble pops, house and property value is cut in half. I remember in 2008 when this happened to the house I grew up in. A house down the street that was for sale at the time for 225k sold for 100k after it popped. Come to find out this is a cycle brought to you by the federal reserve. What a bunch of horseshit. [/QUOTE]
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Kame House
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