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bit of a drop
- BowserNoodle ☦️ likes this.
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@c that's because for them it worked out, so they expect it to work out in the future too, after all prices went up all their lives too, so they feel like people that are saying "stop" are trying to "steal" from them.
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It pisses me off that boomers sit around praying for the price of homes to go up. The only benefit to them is keeping poor people away from their community. In return, they get higher tax assessments and... that's it. They love green line though. Proper devout of the cult of the Keynesian state.
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@c stupid maybe, or maybe they have life experiences that say "the late 60s through late 70s were bad, and things got better"
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Maybe. They are very stupid after all.
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@Bad_Banner @sickburnbro They thought there'd be a small cooling off and now an almost 1/8 drop.
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@sickburnbro >Exp -0.2%
I'm sorry what.
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@Bad_Banner @sickburnbro Strongest economy in history, remember?
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@BowsacNoodle @sickburnbro Right, they expected a -0.2% drop, that's a huge miss.
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@Bad_Banner @sickburnbro They believe their own lies basically. USSR tier problems.
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Spending will be extreme during the death throws of hyperinflation as people will be desperate to get anything of value for their money while they still can.
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@brokeassredneck @Bad_Banner @sickburnbro Sell if you're planning to. Prices will dip some. It won't be 2008 tier because inflation to home "values" has been fairly consistent going back to when it was first tracked.
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@Bad_Banner @BowsacNoodle @sickburnbro i have a place i need to sell.. maybe i finally did something right by just renting it ? for now
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Good chunk of the market is locked in with 2% mortgage rates, only an idiot would sell to get a new mortgage at 7%.