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Matthew's avatar

I'll second all those predictions

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It's The M2NSA, Stupid's avatar

Best wishes to you for 2023! I think you are at about 4.5 out of 5 right now. There is no way there isn't another leg down coming in the broader market given what money supply is doing. And with loan companies waiving the requirement for car buyers to cover the difference between what they owe on their current car and what it is worth, you know it won't end well. I want to be optimistic that the housing market will correct after 2 years of ridiculous increases after the Fed took interest rates back to zero, but I have been trying to buy for almost 6 years now, and

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Alan Baerlocher's avatar

The big question is whether the Fed has the appetite to watch the RE market suffer a 20% correction.

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It's The M2NSA, Stupid's avatar

Maybe they'll ignore it like they did when the bubble was forming and focus on the mythical Owner's Equivalent Rent (OER). Housing isn't an expenditure, doncha know.

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