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

To: John Vosilla who wrote (36017)	7/22/2005 1:26:32 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 306849

Buy a house that you cannot afford. Win, you are a millionaire. Lose, you file a lawsuit. Some people sustained six-figure losses because they couldn't afford to carry a mortgage on the home through litigation and had to resell right away.Greg Gilbert, Pulte's attorney, said that a lot of out-of-state investors jumped into the Las Vegas real estate market and skewed prices." Some flippers in Las Vegas have filed a lawsuit against Pulte Homes. "Jason Beaver of San Francisco followed some untimely advice from a friend who'd made a hefty profit flipping homes in Las Vegas. He paid $350,000 for a three-bedroom, 1,500-square-foot new home in the Solera subdivision of Anthem last September, just weeks before the builder, Pulte Homes, lowered prices in several communities across Las Vegas Valley." thehousingbubble2.blogspot.com