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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: ru2 who wrote (37222)	12/4/2000 5:08:21 PM
From: donald sew	Read Replies (4) of 42787

Ru2, A friend of mine is now looking to buy a house near Princeton NJ in the 350,000 range for about 2000 SQ FT+. Thats nothing like the prices out your way, but from experience thats still extremely high. When I built my house in NJ 7 years ago, my cost was about $62/sf since I was the GC. So to be conservative, lets say $90/sf now which would be about 180K for just the structure. That implies that the land(1/4 acre - normal size lot) is costing about 170K. THAT BS. Obviously, my strong advice was NOT TO BUY. Not surprisingly, his response was that eventually real estate always goes up. Sound familiar.ggggggg My response was a question as to how would he feel emotionally if the value of his house would drop to 250K, and the response was - IMPOSSIBLE. Sound familiar. seeya

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