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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Gotham Guru who wrote (48493)12/30/2005 4:23:32 PM
From: John Vosilla  Read Replies (1) of 110194
 
60% drop for new condos over perhaps 5-7 years is not that unusual. First condo I ever bought for $54k in 1983 dropped from $60k to almost $30k in six years with 1992-93 as the bottom. Now worth perhaps $275k.
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