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Prices are holding in our neighborhood, but I live in NYC. They raced up to $500k and are holding at that area, but the downside is that there are no sales.
If I had more cash, I'd buy more houses in some neighborhoods. I bought a 3rd house last year as I was timing the market to the bottom. Credit was tightening and normal 20% down wasn't good enough because I was buying in a problem area they wanted an additional 5% to hedge the decline. Some wouldn't even give us a loan with a low debt ratio and high FICO score 750+.
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