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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: AC Flyer who wrote (58)7/3/2001 3:20:42 PM
From: patron_anejo_por_favorRespond to of 306849
 
<<I've been able to talk my wife into downsizing and we've just sold our house for $1.67x.>>

Congrats! I envy you...I tried to talk my wife into the same, but no dice.

Oh well, I guess I gotta live somewhere....<G>



To: AC Flyer who wrote (58)7/4/2001 1:07:27 AM
From: SpongeBrainRead Replies (1) | Respond to of 306849
 
67% in 5 years isnt THAT nuts...seen stuff double in my area



To: AC Flyer who wrote (58)7/5/2001 12:57:23 PM
From: Jim Willie CBRespond to of 306849
 
nice move WestonMan, I sold in Natick next door last Oct
mine was 45% gain from March97 to October2k
that was 3.5 yrs, very consistent
I used to ride my bigass bicycle by your house every weekend
must have been the one with the iron gates
and the hairy guy brandishing a shotgun
might soon rent with a friend in Framingham

a former colleague just sold his Grafton MA house
that is a little farther out into Boston suburbs (Wuster County)
they saw (honestly) 55% gain from Nov98 to July01 now
but they took advantage of builder prices back at purchase
their plan is to rent for one full year
then secure another builder home, at lower prices

I think you are smart
and the insanity around Boston will soon abate
this smells like a blowoff top to me
all I hear is "rates are so low"
soon we might hear "properties just arent worth that much"

just like with stocks, lower volume precedes price declines
residential units declined 6.5% from May00 to May01
next comes the decline in price
when it happens, I will be surprised
even though I predict it will happen
good luck, Jim