the home value may decrease further. Becasue CA home price is quite high, 1% decrease may cost a lot, plus property tax and high monthly fee (Mello Roos and HOA) even for single family home. So we have to be careful. But inflation and rising mortgage rate are the concerns we have. What is your view in terms of home price trend, mortgage rate, inflation, unemployment rate in the next 2 years? Appreciate.
Thx! If we buy the home at current market price,
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Here is my thought on price trend in California
-miat42-
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07/24/2008 postreply
16:07:07
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Miat, very grateful for your valuable advice!
-kitten-
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07/24/2008 postreply
17:29:56