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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (145260)1/22/2002 6:17:59 PM
From: Tradelite  Read Replies (3) of 436258
 
reaper, if you hold your real estate long enough--and I hope you do---you can ignore the ups and downs of real estate valuation. Don't get me started on this subject, which I'm tired of discussing on the true real estate thread. The last recession (10 years ago) knocked about $200K off home prices in my neighborhood. They are now up $400K. That's what real estate does in metropolitan areas.

Do NOT use short-term blips in the market to judge the future prospects of real estate. This has been a losing game for anyone who has tried it in the United States of America, since the first landowner owned land.
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