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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bozwood who wrote (16687)7/19/2004 10:05:30 AM
From: redfish  Respond to of 110194
 
I remember late 80's early 90's the condo market was flat as a pancake for years, and there wasn't even much in the way of speculation back then.

Took a year to sell a south palm beach condo for $85,000.



To: bozwood who wrote (16687)7/19/2004 11:12:27 AM
From: t4texas  Read Replies (1) | Respond to of 110194
 
yep, this is exactly what happened in the big texas land speculation in the mid-1980s. when the crack came, it lasted for more years than anyone could imagine. the catalyst that finally got housing moving again in texas was the north ridge/los angeles earthquake in 1994. texas looked cheap, and they just wanted to get out.


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