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I live suburbia and $150,000 might be a trailer.
What's your basis on this conclusion? BTW I'm in agreement there will be an implosion, but was just wondering about your timeline.
I'm already seeing signs of slowdown near me. There's a house just a block away from me that was marketed at 850k when it hit market. Just about 2 months later it's now reduced by 50k to 799k. I have a feeling it's going to be sitting there for a while longer.