Quote:
Originally Posted by housejunk
It's not a complicated notion. I'm glad he gets it and I'm glad he felt the need to explain it (with examples and bold!). The thread is/and/was never intended to be about property taxes but the current state of the real estate market.
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That being said I couldn't agree more. If I had waited even two months I couldn't have afforded the house I'm in now.
Houses that were worth $20,000 30 years ago are selling for $400,000 now. Does that mean our kids will be paying $8,000,000 in 30 years time??
I doubt it. The market has to correct itself at some point but it's anybody's guess when that will be.