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Originally Posted by dalakhani
wait till the unemployment foreclosures start to hit.
The good news? In many major areas, average house prices are now at about 3-4 times income.
More good news? with rates below five percent, investors can buy and rent out places and make a profit again.
Real estate is local and its a shame people pay so much attention to averages.
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Forget about averages. Averages are ajar because high end properties have decreased in value far less than med-low end real estate both commercial and residential, regardless of location.