Quote:
Originally Posted by terenceanne
Another housing crash is ahead IMO
Everything is in line with people buying homes they can't afford because of low mortgage rates, Salaries have not increased, Home valuations are at silly levels - here in the villages we have regular homes selling for $700's $800's or more - Villas at crazy numbers. We could not buy our own house at this point........
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This situation is not the same as in the early 2000's when banks were not underwriting loans, not requring a down payment, not verifying employment etc. Market is going to stabilize/go down slighlty but will not crash like crash in and around 2006.