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Strategies & Market Trends : Strictly: Drilling II
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To: loantech who wrote (26640)1/27/2003 3:25:31 AM
From: TheBusDriver  Read Replies (2) of 36161
 
I can remember in the early 80's to mid 80's in Houston the vultures that used to go around and buy FHA forclosed houses for 10c on the $...... and turn them for a good profit. At least 20-40% of the homes were for sale on every block. Many just gave up and accepted foreclosure. See this coming again, maybe not in Houston but elsewhere, like San Diego, Ja Jolla, LA, etc. Probably up silicon valley way as well. But I am a goldbug I don't know about this stuff.

Wayne
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