Quote:
Originally Posted by Shazam
Eh? My realtor told me straight out that my house would be directly competing against new houses.
I can't really see how anyone could say otherwise - there's always new houses being built.
If you're saying that speculators and people who want to rent out a property are gone, then good riddance to them.
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Yes, but the people currently buying (lots of first timers) are buying at an unsustainable level. There aren't enough first-time buyers to keep up the current levels of sales. And once interest rates rise, sales numbers will dip again.