Posted by NY 986 on October 31, 2022 at 07:54:25 from (67.249.255.74):
In Reply to: Home Prices Thoughtd ? posted by whizkidkyus on October 30, 2022 at 21:59:52:
Buying to get started in life or enjoy a dream home before you get old? Then find that home now. Buying as an investment? I expect homes to trend down over time. The things that contributed to rising values in a community such as Baby Boomers who caught the economy at the perfect time are going away. Interest rates that we saw for the last fifteen years were historically low and are going away. Extended terms such as 35 or even 40 year mortgages I'm thinking will be done away with as banks will be keen to increasing risk.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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