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


To: bentway who wrote (13564)9/8/2003 2:49:22 PM
From: TheStockFairyRead Replies (1) | Respond to of 306849
 
Well, in my unscientific approach, I did talk to my friend over the weekend that purchased a home 2 hours outside of Chicago for $215k maybe 4 months ago, it was appraised at $237k this month when he promptly got a home equity loan and built a porch.

People don't need wage increases when they can keep cashing out their house.