The future of real estate

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This topic contains 2 replies, has 3 voices, and was last updated by  stanley 2 years, 11 months ago.

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  • #1564

    jackton
    Participant

    Do you foresee a drop in the value of property in the years to come as a result of home owners opting to sell their homes rather than continuing to service their mortgages? I think the property boom signifies a bright future for real estate companies. I’m just wondering if the same can be said about home owners?

    #1611

    Anonymous

    I don’t see a drop, and I don’t see the correlation between a lot of sales and the lowering of property values because of those sales. Value goes down when ownership changes to rental status and when properties stay on the market for years on end.

    #1622

    stanley
    Participant

    It seems to me that a lot depends on the present economy and the location of the home and property. We’ve had quite a few foreclosures in the area but real estate buying seems to have stayed pretty much the same.

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