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

To: MulhollandDrive who wrote (3253)7/8/2002 4:54:01 PM
From: Jim McMannisRespond to of 306849
 
RE:"the shack I posted for $300K is unquestionably a "starter home" <g>"

Wow..it dropped 100k already? <G>

If 300k is a starter home then it's pretty sad. All these tax breaks to promote homeownership and it just seems to widen the gap between the haves and have nots...
But the possible ramifications of a bubble are much more ominous, IMHO.



To: MulhollandDrive who wrote (3253)7/8/2002 4:55:39 PM
From: Jim McMannisRespond to of 306849
 
RE:"people buying homes in this range (in those conditions) seem desperate to "get in" before prices escalate further."

People do need a place to live. OTOH, the rush in is exacerbated by panic buying.

Jim


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