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To: NOW who wrote (67388)2/13/2001 6:12:42 PM
From: Ex-INTCfan  Respond to of 436258
 
What you say is true. A 10% decline in real estate prices puts many people underwater. When you have houses selling at $1000 per square foot, watch out below if a decline begins.



To: NOW who wrote (67388)2/13/2001 6:18:20 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<10-20 % declines and the game is over... >>

Exactly right. That is a reflection of how massively real estate, both residential and commercial, is now leveraged throughout the economy, not just in terms of personal indebtedness.

"Turning Japanese, I say we're turning Japanese, I really think so"

--"Turning Japanese" by the Vapors

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