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- Has it ever been a bad time to buy?
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According to the National Association of Realtors, the answer is no, it has always been a good time to buy…
…even during the darkest depths of the Great Depression. Unemployment was nearing 16% and approximately 5 million Americans were unemployed. Banks were in turmoil, with roughly 2,000 banks failing in 1931, including the New York Bank of the United States (the largest bank failure in the history of the nation at the time). You might think that in the midst of the worst economic downturn the world had ever seen the Realtors might would show some restraint.
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Original Source: njrereport.com
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5 May, 2008| housingblogs |
@ 22:20