The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: RocketMan who wrote (64)	7/4/2001 5:31:05 PM
From: Mannie	Read Replies (1) of 306849

I'm seeing the same scenario in Seattle, Rocket. I bought a condo in November, remodeled it and sold it the first day I had it on the market....it closed exactly 6 months from day I bought it. But I am seeing more and more of the "for sale" signs. Rentals are sitting on the market for quite a while. Since we have a glut of new and very nice rental units having just come on the market, we are going to check out what one can now rent for a decent price. I am thinking about selling my place (over 80% appreciation in 6 years), renting and waiting for an opportunity to appear. I would love to build a small in city house, but tear downs are currently going for $300k. Hard for me to make that pencil out. Happy 4th. Scott

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