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Originally Posted by wab
The OFHEO tracks every region of the country. Some areas do appreciate faster than inflation. Most of them don't. There are a few things that are obvious to me:
1) Nothing in the last few years happened to increase the demand of housing on a national (or international) scale.
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The hell there wasn't! We had the greatest flood of the loosest mortgage money in the history of the capital markets. Heck, if you have a 720+ credit score you can still buy a house with no money down and skate (for a while) by making ~1% a year payments on the first lien note.
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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