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Politics : Politics for Pros- moderated
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To: carranza2 who wrote (132676)8/15/2005 3:16:32 PM
From: Constant Reader  Read Replies (1) of 793931
 
I'm not sure. As for the West Coast: I think some areas have hit plateaus of a kind (Portland, OR, perhaps?) while the outlying areas of California (Sacramento/San Bernardino/ Modesto) have just taken off in the last two years. The house Last year, I sold the house I bought in 1994 for twice what I paid for it - not an impressive gain by bubble standards but better than historical rates of return. The new one I bought was mis-priced at 20% below market but has appreciated almost 40% in 14 months.

I think the fall from the top could be 30% in this area, about what happened in portions of California in the early '90's.
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