The housing market slump, will it get better?

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This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 10 months ago.

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    Anonymous

    I live in Miami, FL and you may well know that in 2004-2006 we experience a boom in the housing market along with inflated prices of homes. As of today thousands of homes are in foreclosure all because lenders were lending out money to people who could not afford these homes. And because of the all the scams prices of homes are inflated and has increase 140% thus causing property taxes and insurance to increase dramatically. That is the reason why I’m not going to purchase any property until the prices get back to normal.

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