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Fact: There is a real estate bubble, and it will burst.
Higher prices have been driven by lower interest rates.
Hence, a $160,000 house at 8 percent a couple of years ago has the same mortgage as a $200,000 house at 6 percent ...
Since it's the same monthly payment people have been willing to pay higher prices ...
However ... when the economy improves and interest rates go back up to 8 percent ... housing prices will fall ...
No question about it ...
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erotictrance
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