VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (50935)	5/3/2002 7:23:51 PM
From: steve susko	Read Replies (2) of 65232

I recall my first property in Mass2shits >> it was a lakeside pieceofshit cottage for $50k in 1980 (by 1985 it was worth $125k, when rates dropped to 10%) interest rate on my mortgage was a whopping 16.8% initially we had just finished a massively shitful decade. All thru the 1970's the stock market sucked wind and oil, gold, silver thrived in fact gold and silver spiked in Jan 1980, as I recall.... So, did you buy the cottage at the bottom price of that period? Did the housing price collapsed with rising interest rate in the mid to late 70's?

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