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Originally Posted by Alen E90
If you look at all the local RE ads in magazines and newspapers, you will see what I'm implying about.
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Marketing materials aren't relevant to the topic.
Quote:
Originally Posted by Alen E90
Also, which foreign markets are you referring to?
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China in particular.
Quote:
Originally Posted by fcman
Eh, but we are going to continue to see fewer and fewer new buyers entering the market. The average college student has something like $20k in student loans (and this value increases significantly every year) and are entering a workforce that has been victim to stagnant wages for decades, so their buying power is going to be significantly lower. I don't think this has had much of an impact yet. But I think it's very possible that we will see the impact of the $1.2 trillion dollar debt that continues to increase. Hopefully we just see wage increases (yeah right) instead of a housing crash though.
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College students? They are irrelevant to this discussion as they are not homebuyers. The debt does not have an impact until interest rates and inflation increase.