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I sympathize with most people on this board.
A lot of things in this world are weird. 1. USA the largest foreign debtor attracts the most capital in the world.
2. Short term interest rates are higher than long term interest rates in the USA. It has been that way for several months.
It is possible that housing bust is confined to South Florida, Arizona, Las Vegas, Central Valley, Southern California.
The basic advice is to buy a house if you can afford it and you want to enjoy it. Otherwise rent what you can afford.
