Everyone is cheering the bottom of the housing market, and the false assumption is that all properties will rise in price at a rapid rate as housing “recovers.” Properties priced below the conforming limit will almost certainly continue to rise thanks to restricted inventory and record-low interest rates, but the move-up market is a different story entirely.
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If the Fed limits deductions, then I think much longer.
smart people will never trust government or the media again.
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