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Wasn't the rate cut in January? Would that not have brought higher prices since January?
I'm still not convinced on foreign money. Like I said above, I drive by a lot of properties that have been on the market for months. I've even seen a few up in Edgemont that've been on the market for at least a year. If foreigners are just parking their money, these would've been picked up in no time.
If these foreigners were actual investors, then they'd understand the concept of buy low sell high. Which is why places like LA and Florida are attracting the attention of foreign investors at the moment.
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"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
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