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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (86920)8/24/2007 11:47:39 AM
From: Lizzie TudorRead Replies (1) of 306849
 
well I don't know how florida is but in CA there were desirable areas before the bubble like SF, Santa Monica and SV, and then these bubble areas like inland valley, Sacramento and Stockton. The bubble areas are where land was cheap. I mean like a few thousand for a plot of land in stockton. Thats where builders built, all those areas are crashing. But most didn't exist in the 1990s they are all totally new developments like that Mountain house in the San Joachin valley, out in the boonies.

I only think the areas that were desirable before are holding up. Its been that way for almost 2 years though. Mountain house crashed in June last year, same with Sacto and all those. Nothing new there.
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