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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (306588)10/2/2011 2:10:49 PM
From: Mike JohnstonRead Replies (1) of 306849
 
Places like Palm Beach could only go down significantly if there is a societal collapse, massive crime wave and security issues, making US unattractive or maybe even a dangerous location for rich foreigners to invest their cash or get a second home.

I just don't see it is going to happen unless there is a huge-beyond-belief deflationary collapse.
As bad as it could get in US it is still way above the rest of the world. Look for example in Brazil, even tiny houses there have bars on the windows and doors and even moderate by US standards middle class houses have 10-foot walls all around them with barbed wire and electric fence on top.

i.imgur.com
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