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: the_wheel who wrote (7468)	12/20/2002 4:26:15 PM
From: Lizzie Tudor	Read Replies (1) of 306849

I know, looking at realtor.com or some of these sites makes it look like prices are still way up there but they are not. The 830K house near me where a builder bought a fixer and put in 100K upgrades has just been removed from the market. He can't rent it, there are 3 or 4 rentals in the area already. That house will sell in the 6's and the non-fixed up's around here... in the 5s or high 4s. Thats at least a 40% haircut from peak and lower than even the mid-90s. I think you did well to sell what you have now- even if you didn't get top dollar! But don't leave california- you seem to have the right disposition to live here!

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