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Originally Posted by asian_XL
you are an idiot...go take some economic courses and read more world news on RE price.
People have been saying the marketing will drop for the past 10 years, like 604STIG said, sadly the constantly low interest rate and foreign demand have driven more cash into the RE market. The current market has accumlated a lot of buying power over the past few years, let's say a 600K apartment drops to 500K, it will fill up the gap much quicker.
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In defense of Mr.4444, I beleive what he was trying to say is that you had demonstrated a climbing interest rate with your example...
Quote:
2007 interest rate 4.5%
2009 interest rate 0.25%
2012 interest rate 1%
so no, it will not drop
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So yes I'm sure he understands what you were trying to say, but understand that the way you said it still shows an increase over 3 years of 400%...