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Houses will continue to fly off the shelf as consumers know the feds eventually have to raise interest rates. I mean comon my dad paid 8%, about where it should be BTW, in 1956. Once the feds back off you will see the stock market drop and housing go flat also. When auto makers offer 0% interest cars sell pretty good too.
Yeah! Now when will the value of my house catch up to what I paid for it in 1999?
Woo-hoo, I maybe able to sell my house for what I bought it for in 2002 soon! Tell me now how it is has never been a better time to buy and real estate is only going up!
"The Realtors' group says the median price for a home sold in February was $173,600. That's up 11.6 percent from a year ago."......
A staggering 11.6% increase over just one year? Doesn't that rapid rate of increase sound familar to anyone who paid attention 5-10 years ago? The Fed is re-inflating the housing bubble again using their 40 billion$/month QE-3 program.
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