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Wounded Bear

(58,440 posts)
1. They've been re-inflating the housing bubble for years...
Thu May 14, 2020, 11:00 AM
May 2020

In many ways, the "recovery" didn't really address the underlying issue, that real estate had gone from being something average people could invest in as their primary residence and financial asset into another item on the Wall Street Casino Wheel of Fortune.

Here in the Seattle area, real estate prices never really stabilized much, they just slowed down a bit and now they're pretty much out of reach for anybody not making multiples of six figures a year.

The old myth that real estate prices never go down is about to get another test.

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