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Jeffrey Deuitch
Real Estate Mindset
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Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "REDFIN Is WRONG About Mortgage Rates!" video.
Is possible and happened in the last boom after small reductions occurred. Was a falling knife.
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They talk about "deals". These are only in comparison to recent all time highs. These are very tenuous decisions based upon the belief that upward trends will continue or by those who were marginally priced out in recent months. Either way, these folks are sticking necks way out. It gets down to belief. In the end, the market does what it will and those who experienced the last debacle would probably have a more cautious and patient approach.
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Basing decisions on tax assessment data is a very fool hardy approach. Many times there are govt modifications to tax assessments who provide relief to owner occupants. Very often they are not reflective of market value and hence, changes to assessments are not accurately reflective to changes in marketable value. Strongly cautioned against.
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