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In the current economic landscape, confidence has plummeted, leading to a downturn in housing prices. As approvals decrease, the reality of increasing rates compounds these challenges. The affordability of essentials, like carpets for homes, highlights a stark contrast; while prices may drop, our financial situations are deteriorating. As we face this paradox—external costs climbing and our incomes shrinking—the question arises: what are our next steps? Renting may become the preferred solution for many as we seek stability amid uncertainty.
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