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: MulhollandDrive who wrote (100904)	1/20/2008 12:10:32 AM
From: Elroy Jetson	Read Replies (1) of 306849

In Los Angeles you'd be surprised to see the ocean of new condos currently being constructed. It defies all logic and economics. You can make an argument that the city has more demand than the suburbs, but really, it just makes no sense. During the 1990 downturn the lenders pulled the construction loans because it would be cheaper to be sued for damages than to continue funding the loan. But we haven't seen that yet. .

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