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Some individuals buy real estate expecting it to understand loads over time," he mentioned, in an interview with USA Right this moment However it can be dangerous - or even silly - to pay a lot for a property that you simply're losing money on an working basis simply because you think it can admire." Actually, when adjusted for inflation, as Shiller suggests, the average house hasn't appreciated much in any respect since 1987.
Over 8,000 homes have been foreclosed in July 2011, the ninth-largest quantity in the country, in accordance with real estate company RealtyTrac.
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