Off-Topic: May be a different point altogether
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Name:
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Talullahhound
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Subject:
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May be a different point altogether
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Date:
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2/23/2012 5:09:16 PM
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MM, your logic totally befuddles me. First of all, even if the unemployement is at 15%, which I don't believe it is, that sitll means 85% of the population is working. And buying and selling in this market does not mean you will take a bath. good friend of mine owned the house she is currently living in since 1986 at a price of $200K and just sold it for a little over $500K, and is building a new house. There are a lot of people retiring that have lived in their homes for some time, and will now sell them, perhaps to downsize, or to relocate. Three years ago I sold my house in VA in a down market, but still made a profit at sale. Not as much as it would have been a year earlier, but still a profit. So there are people buying out there. You don't have to take my word for it, ask John Coley or other realtors on the lake. It's not the go-go market it once was, but the house sales are picking up. It's actually a good time to buy a house, even if you are not a first time homeowner. It's not as dismal as the picture you would paint.
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