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Hi Fishes, I recently joined Pwc AC and was informed to update my checkpoint portfolio where we update all our investments. If we have some investments and if we do not declare them, will it be a problem or can I update it as Nothing to report. Recently I joined here so I'm having some confusion regarding this.
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I think it will go down a little bit - another 5-10% and then it will remain flat until they lower the interest rates, but then it will jump very fast 20-30% and will be as high or higher as it was in the beginning of the year.
I think we won’t see major price reductions from here. People can’t afford to move with interest rates high, so available homes will remain low. Maybe you could get a better deal on a new-build already in progress with a buyer who dropped out because of interest rates, but even then, the inventory issue.
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Prices start to fall, and the first idea you have is to broadcast it to a nationally reaching app? Pipe down.
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To answer your question, I think we are in for a larger correction.