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

To: KM who wrote (47509)1/20/2006 3:23:28 PM
From: Les HRespond to of 306849
 
Judging from what I've read on some of the flipping boards, there seems to be some people who think that making a killing on one deal will solve all their financial problems. These people have little or no money. They may have no job or have recently lost their job. They seem to be in some kind of dire financial condition, and still think that the lenders will give them money to invest.



To: KM who wrote (47509)1/20/2006 11:13:07 PM
From: John VosillaRespond to of 306849
 
I know in Florida a bunch of folks running around the state trying to buy worthless or way overpriced dirt and paying a fortune for it. They'll be paying taxes on it till they get very old. Politicians love these feeding frenzies. Pumps up the tax base..


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