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: mishedlo who wrote (48560)	2/15/2006 5:27:07 PM
From: Jim McMannis	Read Replies (1) of 306849

I'm very familiar with Keys real estate. All I can say is "through the roof" in the last few years. $1000/ft2 plus in some places. Land is at a premium. Some places you can't even build at all. Others are under what they call rogo. Very few of those left. So what's there is there. Not much new coming on line. If it crashes under those circumstances...that will be the end of "they ain't making no more land" arguments...they aren't even building very many houses either. This is so far removed from Danville, Illinois I wonder whether you can get a grip on it.

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