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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Micawber who wrote (299285)12/21/2010 8:23:32 AM
From: patron_anejo_por_favorRead Replies (2) of 306849
 
Don't disagree, and of course all RE is local. Multifamily has somewhat different forces involved (for one thing, a lot less governmental support of prices). Rents are key to a lot of what we're seeing....they were low for SFH out here even before the market collapsed. Extend & pretend is always a barrier to a market based solution (which is why I dislike it so much). In some respects the market here and in Vegas and florida are a bit ahead of the rest of the country, I think John is correct on that. How bad is unemployment right now in Philly and in PA overall?
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