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: John Vosilla who wrote (36268)	7/26/2005 5:51:28 PM
From: shades	Read Replies (1) of 306849

Maybe examining the 1031's would give us an idea of where the rich are going - do you know of any national or state data showing from what to what the 1031's are happening? In the past year personally I know two families that have 1031's from south florida to colorado and another family 1031 from south florida to salt lake city. 2 of them were into farm/ranches the third into a big development near the university of utah. I knew one couple that 1031'd from new york to palm beach 4 years ago and they regret it now because the new york property (several rental apartments) appreciated much more than thier palm beach property ( a strip mall) - but they were certain the bubble was going to pop in thier old investment real estate area 4 years ago. They did better than their friends though who sold some investment property in NY very close to thiers at the same time and went into municipal bonds. It seems like the real estate crash thread, they jumped the gun and moved their investments too fast.

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