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by Cthulhu_
1992 days ago
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10 years ago was the peak of the housing bubble collapse (or just after), so the price of houses was depressed for a while. That said, housing prices have gone up by ridiculous amounts since then, in part thanks to economic recovery, in part due to low mortgage interest rates, and in part (linked) due to low savings account rates. Better to put that money in real estate (and more risky investments on the stock market) than let it wither in a savings account. But hey, for a while a few people made a lot of money. |
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