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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Whitebeard who wrote (43874)10/30/2005 10:53:33 PM
From: Lizzie TudorRead Replies (1) of 306849
 
Maybe it was cheaper in your area in the 70's than LA

Nope. He is referring to SF bay area, more expensive than LA.

t wasn't that people didn't want to buy houses. They couldn't qualify. Owning a house was beyond you because of the interest rates.

Wow. What a sad story. Not as bad as a 50s 3br 2ba rancher going for 1.25 mil, when the average salary is maybe 40% higher than it was 20 years ago.... but still sad, nonetheless.
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