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: nextrade! who wrote (92433)	10/20/2007 9:23:22 AM
From: Think4Yourself	Read Replies (1) of 306849

I have neighbors at home on the weekends now who always used to go out of town. Almost everyone I know has said they are in the process of cutting back spending. All are acutely aware the value of their homes are falling, although most are still in Fantasyland about what they could get if they needed to sell. Even Fantasyland doesn't quite describe it. They are on crystal Meth in Fantasyland. Someone told me their home was worth $179K the other day. Just for grins I looked up comps in their area and found comparable homes were selling for about $140K. I guess maybe they meant they owed $179K. Does anyone know of someone who is increasing spending, who hasn't just gotten more income?

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