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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (67579)10/9/1999 10:38:00 AM
From: Oblomov  Read Replies (1) of 86076
 
Heinz, that phenomenon is more pronounced in the larger cities with
an affluent population. I know someone who bought a house in Boston
three years ago for $120K, and just sold it for $350K. I have heard
similar stories about Chicago and NYC - and of course, Silicon
Valley. Although housing prices have appreciated in Indianapolis
over the past 5 years, the greater problem has been urban sprawl.
It's possible, however, that it is an endemic phenomenon and the sprawl has merely allowed prices to be contained.

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