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I don't really get the point of this article.
Yes, the housing boom has been crazy lately, and it should come down. Interest rates better chance than not will go up.
But I bought my house at 7.75% and refi'd 2 years later 2pts lower and locked in for 30 years. People need a place to live and the last time I checked, they aren't making any more land. Land has a tendency not to go out of business.
Sure, I think that the appreciation will slow or stall, but I don't anticipate any kind of selloff. Like the article said, if the market ain't there people will hold.
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