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Every indicator I've seen predicts a downturn in the next 6 months.
I wouldn't be surprised, but I would be surprised if it were anything dramatic like '08. Anyway, a market correction isn't always a bad thing, so long as credit isn't severely hampered like it was back then. If credit is flowing, then a lot of first time buyers could get a great opportunity to buy into the market. If not, then we'll just see another repeat of rich getting richer.
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thenewgreen · 3381 days ago · link ·
True, but at this level and in this market (three major universities in rock throwing distance of one another) we could easily turn a property like this in to a long term rental, if need be.