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Comments by "" (@tobyk5149) on "New Home Market Is Toast | Supply Explodes" video.
The sheeple, realtors, and investors were saying exactly same in coastal SoCal in 2006-2007. You may not have been old enough to understand the SoCal housing market in 2006-2011 but I sold property in Vegas in 2007, lived in LA and relocated to San Diego in 2012 so I saw this all play out last time. Home prices dropped 50% from 2006 to 2011 and did not recover to 2006 prices more or less until 2017 or 2018 but yeah sure “this time is different”. So was 11 -12 years to break even if bought at peak in 2006
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you bought at the peak of this market cycle and you probably know it already. The 185k perceived equity will be wiped out over next 4 years, I believe, based on this scenario already seen 2007-2011. Same
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You should rent in Ft. Wayne for at least 12 months to get to know exactly what area you like and to know if you can tolerate the harsh winters. There will be great deals on houses there 2025-2026 I am certain
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you are going to crush it!
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says the realtor
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Bingo
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the realtors, sheeple and investors were saying the same BS back in 2006-2007 and we all should remember what happened 2008-2011
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that is all true and same facts that realtors and housing investors kept repeating back in 2007 before it all corrected big-time
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relax pal
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@kristimh those sellers are greedy fools chasing market down and missing out on thousands of dollars every week that the price asked is not realistic
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FOMO BS troll
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you are doing the best plan to get a good place at a good price in the next few years
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then they will lose even more on proce corrections and carrying costs
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