Quote:
Originally Posted by Gatordash
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Every realtor/loan officer I talk to says a crash like 2008 can never happen again because we have all these restrictions in place so you can't give out bad loans to people. Yet housing prices and inflation is outpacing wages pretty significantly so I don't get where they are finding all these high income earners to keep buying these super expensive homes.
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One thing I've learned from experts/professionals regarding any industry.....if they talk in absolutes they're typically wrong.
Our house was valued at $260k in 2009, currently we could list it for $850k and get offers over $900k. Knowing what is going on in the greater Seattle area either every major tech company in the area folds/moves or our prices will continue to be nutty.....unless of course we get hit by a GRB then we're fucked.