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In early 1970s, the average price was $35,000, people said the market went crazy, it was a foam, it would drop dramatically, how could people afford that? Mid 1970s, price went to $50,000, people said the same thing; then price went to $100,000, people said the same thing, ... until today, you guys are still repeating the same thing here.
30 years ago, if you told someone, one day the avearge price would be $400,000, they must think you were out of your mind. Do you think I am out my mind if I tell you 30 years later the average price will be $1.3 million? Do a calculation, 4% price raise every year, today's average is $430K, add 4% 30 times, you get about $1.3 million.
As I said, it is pointless to argue that now, if you have money, to buy a house and keep it is always the best thing, if you don't have enough money or don't need a house, then don't buy, it is perfectly fine. No point to argue the price trend and attack jj, I am a jj too. If you buy through a jj, a jj will appreciate you, if you don't, not a problem, this is as simple as that. |
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