by Patrick ➕follow (55) 💰tip ignore
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One would expect 20 years of inflation alone would make home values higher by today.They would have been in normal times when people didn't buy houses as investment vehicles but as places to live. By 1998 and especially up through 2008 those homes were already over-priced and would more than likely have been valued at the much more realistic prices of today, so they haven't really fallen. You can play make believe for just so long but reality is going to reassert itself somewhere along the way.
Interesting. I wonder why New mexico -it is sunny and nice mountains and scenery?
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