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Originally Posted by dig420
they ALWAYS say that, anytime the prime interest rate is reasonable and people start getting loans. I do think there will be a slowdown on new buys and maybe a little fallback in value in the short term, but in Cali the historical trend has been that values skyrocket, then stay stable for a few years, then skyrocket again. They hardly EVER go down.
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but has there ever been a period where home prices have risen astronomically in such a short of time? these gains are simply defying the laws of economics. They are not tied to any fundamentals at all.