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And how do you bid in a market where every house has >1 bidder and banks are lending waaayy more than is responsible?
by amiga_500 7y ago
And how do you bid in a market where every house has >1 bidder and banks are lending waaayy more than is responsible?
- voisin 7y agoThis! The housing market seems to have punished anyone with a conservative financial mindset.
- amiga_500 7y agoIt forces you to fight with the least conservative, and the banks pour on more and more credit to appropriate ever greater swathes of national surplus. No doubt someone will say "you don't have to buy", but then you have to rent. Forever. Because they keep bailing out housing.