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: JBTFD who wrote (143839)	8/31/2008 7:22:05 PM
From: James Hutton	Read Replies (3) of 306849

I bought a little 800 sq. ft. fixer in Seattle in 1990, near the peak of a boom. I paid $110K then (too much), and it's probably almost tripled by now. After I moved to the heartland and had my first renter bail out, I rented out to a guy who turned out to be a group of Irish drug dealers who I had to evict. After that, I sold. If only I'd had decent renters, . . . I saw one of those home shows last night where someone payed $400k for a slightly larger house in Wedgewood. If people are shelling out that kind of dough for that much space, it doesn't look like too much of a housing bust to me.

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