“Realty Check in Stupidity by Diane Olick”
You talk about “Fake News”. It is not surprising that CNBC gives this ill-informed real estate prognosticator a platform. Her point is that home appreciation in March was 7.1% and in April it dropped to 6.9% and values have hit a wall. Are you kidding me? This is a wall I never want to see built. Most of us would be very happy with a 5-6-7% appreciation, how about you?
Sure, home ownership isn’t for everyone. There are many that should never own a home, but most human beings in this country want to own a home. They should continue to pay rents that continue to rise and what do they have at the end of each year? Answer is a pile of paid rent slips instead of an interest deduction to lower an income tax deduction and a place to call home.
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