1/4 point
Quote:
Originally Posted by Aces4
Thank you! You succinctly stated and with references, covered the exact issues of which I was speaking. It is a mess out there and absolutely ridiculous what the investors have created in the housing market because of what I call free money. Let's face it, another drop in interest rates will push more investment money into real estate, it has to happen. That will leave more first-time homeowners out of the market.
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I think we can all agree a quarter point won’t really matter for the housing market here. We have record insurance rates and Sumter County taxes are in the upper most quartile for Florida (doesn’t even including city taxes). I’m willing to bet (and have) that the stock market will give much better returns than any investment in real estate. It will take years for prices to come back down to earth.
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