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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Steve_C who wrote (205390)5/31/2009 12:10:28 AM
From: Jim McMannisRead Replies (1) of 306849
 
I thought I had clarified it earlier and Skeeter too.

And yeah, absolute numbers and %s into the future are subjective but this is what I'm seeing, like most everyone else here.

Sir John Templeton predicted a 90% fall in property prices back in 2003. Everyone did a double take. Dismissed it as nuts. So hey, 60% is conservative. But one thing for sure, the RE mess turned out to be a whole lot worse than most people dreamed could happen.
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