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November 09, 2005
Housing Bubble Boom Hissing
If you're on the sidelines of the housing market, you might want to stay there a bit longer.
If housing prices do fall, or “readjust downward” in real estate speak, as they must since something like 30% of working folks no longer can even afford a house, that might not be a bad thing. With interest rate hikes, the new bankruptcy law changes and the pending credit card minimum payment hikes due in January, it may be a good idea to wait if you‘re looking to buy.
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Posted on November 9, 2005 04:42 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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