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To: Carl Worth who wrote (48568)6/10/2003 9:36:06 PM
From: BWAC  Respond to of 53068
 
Agree. Although there certainly may be a bust in the "location" premium that some houses have built in. Your average house in my area is priced basically at replacement cost. The primo houses in trendy plush subdivisions have anywhere from a 50% to 100% premium priced in. Those values may well be at risk.