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: Elroy Jetson who wrote (175375)	1/20/2009 10:49:21 AM
From: Les H	Read Replies (1) of 306849

FDR went with "the President who guided the nation through the Great Depression" theme for nearly four terms. Real estate prices had already collapsed by 40% over an 8 year period by the time FDR started closing the banks. A lot of the deleveraging process had already been completed before he took steps to stabilize the system. Price for a 6-room house in Morristown, NJ 1925 $10,000 1933 $6,000 1936 $5,000 gti.net

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