“They have no desire to buy a house that is going to be worth less two months later.”

[cr]

Join the club. I laugh when I see articles claiming it’s time to jump back in to real estate.

Of course they acknowledge that you may (will) lose value, but you’re in it for the long term. Just like everyone else who bought in the last 5 years, right? Oh…wait…no.

And that’s exactly why this thing isn’t even close to playing out yet. Resets to come, inventory to rise, foreclosures to set new records, sales volume to plummet further, etc, et al, ad nauseum.

[farbet]

The 30 day delay on foreclosures will expire in many case in a week’

[farbet]

The 30 day delay on foreclosures will expire in many case in a week’

[farbet]

The 30 day delay on foreclosures will expire in many case in a week’

[farbet]

The 30 day delay on foreclosures will expire in many case in a week’

[farbet]

The 30 day delay on foreclosures will expire in many case in a week’

[Author]

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