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RE: Even Mortgage Lenders Are Repeating Their 2006 Mistakes

in #realestate6 years ago

Agreed and we are not seeing the same sort of speculation driving prices up way past what is sustainable, leading up to 2008 people were buying multi family properties where the price was so high that the rent rolls didn't cover the debt service, that's not a good investment! They were hoping to do condo conversions but of course in many cases people don't actually want to pay $200,000 for a shitty apartment.

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