yPtWM Wrote:
-------------------------------------------------------
> oh god, not that blog again.
>
> LONG TERM, real estate will GROW.
>
> just wait the fuck out.
Long term, yeah, as in 20 years from now. Sorry folks, your home isn't worth anything close to what you think it is. And it will be worth 10% less by next year (20% adjusted for inflation) and so on. Ever heard of Japan's housing crash? Far less severe than what we're about to go through, but it's lasted for a LONG time. Enjoy your make-believe equity.
Nationwide housing prices are crashing, but northern VA is one of the WORST of all the markets. Go ahead and keep your heads buried in the sand.