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Be happy but be aware of the cascading impacts. Foreign buyers affected the price in valley and elsewhere in big markets, and while you may get cheaper house do
by kshacker 7y ago
Be happy but be aware of the cascading impacts. Foreign buyers affected the price in valley and elsewhere in big markets, and while you may get cheaper house don't end up causing another subprime. All it needs is one domino to move.
I would prefer lower prices but am not sure it will be happy for all.
- H8crilA 7y agoNot to mention that money (as in USD or any other fiat) is mostly backed up with houses on banks' balance sheets. Perhaps it'll push down the ridiculous prices on US equities too. Whoever has much of their investing time left should cheer for a good stock market crash - to buy stocks cheaply.
- pixl97 7y agoOf course it cant be 'happy for all', the rent seeking wealth extraction industry will not be happy about lowering prices at all.