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: tejek who wrote (283429)	10/14/2010 1:38:23 PM
From: John Vosilla	Read Replies (1) of 306849

Lots of very expensive RE around Seattle. Those conversions are signs of a frothy top.. Savy local RE dealmakers running out of ideas or ways to milk the market any further and local bankers willing to oblige as the numbers always seem to pencil out.. Funny here in FL the typical conversion dropped in price 70-90% since they were done in 2005-06. Now they are doing reconversions of decimated bankrupt HOA's back to apartments..

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