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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Travis_Bickle8/30/2007 3:55:09 PM
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Will be interesting to see how even a 50% drop effects the condo market, can you have a functional condo association when everyone is in default? Only thing that makes sense to me is for someone to buy the whole building and rent the units out as apartments.

I think bargain hunters could be in for a rude awakening when it turns out they are the only people on the floor still paying their monthly fees.
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