counter intuitive reaction...........?
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speculators
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Doubt these are actual Americans since half my neighborhood is foreign investments
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People moving out of the cities.
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AFFORDABLE homes, you mean. McMansions and garbage speculation homes designed to launder Chinese money are plentiful.
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The rental evection time bomb is about 4 to 8 months away. The foreclosure time bomb is 1 to 3 years away. Begin building your cash now, to make yourself a little richer, and buy into the recovery after the inevitable crash.pic.twitter.com/uqMvEa3yK9
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This is how I bought my house. I had sold a house in 2010 and banked the equity. I lived with a friend for a few years, which kept her out of foreclosure while she got on her feet, and then bought my house in 2014.
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In the Midwest, it's wanna-be landlords from the coasts buying all the homes. They're buying the cheaper homes thinking they're a great deal, then when the actual needed repairs kill the profit, they just abandon them. They aren't habitable and are just blight at that point.
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