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


To: patron_anejo_por_favor who wrote (21852)6/28/2004 7:47:24 PM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
i know...

the same kind of 800 square ft. home in my area would to for under $100k

truly amazing

it's sad to see people paying up to that extent out of fear for such substandard housing



To: patron_anejo_por_favor who wrote (21852)6/28/2004 8:25:10 PM
From: David JonesRead Replies (1) | Respond to of 306849
 
How about 840K for 800sq ft/10,000 lot single family in Pleasanton Calif. A little less than two years ago it was appraised for 500K. No kidding it's next door to a rental of mine. Which in 2000 I got 1700 per and now had to lower to 1450. I suspect my place would appraise around 800K. Let's see 800k returns 17,400 'gross' per year. nuts!