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Originally Posted by Normal
Agreed. Reality governs us all. Eventually when we do see the bottom in pricing for the market, many will benefit from buying when we get there. The initial premise of the whole thread was inventory issues. It is going up, prices are coming down.
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The pandemic caused a huge diaspora into Florida which drove prices to an inflated short-term high (bubble). Now theres fewer buyers due to higher interest rates also reducing rental investors. There’s much less of an impulsive motivation to move with immediacy. (Trying to tippy toe around obvious politics)
IMO increased consumer prices have made more of us doubt whether we can depend on the economic future of the middle class to resemble the past—shaking the confidence needed to make a big change too.