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: Mike Johnston who wrote (32863)	6/7/2005 10:26:15 PM
From: John Vosilla	Read Replies (1) of 306849

Tradelite is right there are a ton of people who bought RE just as a place to live in and are not speculators. I wonder what is going through the head of a struggling paycheck to paycheck person who never could save a penny and as luck would have it bought a modest FHA insured no money down house for $125k in a bubble market 4-5 years ago that is now worth $400k. It would be very tough for them in the here and now not to take some drastic action with this new found wealth that is almost like winning the lottery.

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