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: Jim McMannis who wrote (106835)	2/26/2008 11:17:37 PM
From: John Vosilla	of 306849

Funny as there are tons of distressed homes in all price ranges selling at late 1990's prices today.. Older houses all day long in the $50-70k range, newer 2k sf on oversized lots in gated communities in the $120-140k range.. Lot residual value in PSL is close to zero until we get back in balance, values rise a bit and new construction becomes feasible again.. If remaining lots remain in strong hands and never drop below $25k then home values will quickly jump in a year or two.. Needless to say I like the houses as the better investment these days unless you buy for $5k at auction..

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