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

To: Tradelite who wrote (49143)	2/26/2006 4:58:24 PM
From: damainman	Respond to of 306849

"Holy cow...is the builder that desperate to be offering that much? If he is, I'd be questioning the reasons behind the desperation.)" Uh, bubble bursting maybe : ) just kidding, I know nothing is as simple as that. That Merced area was a hotbed of investor activity fueled by the RE boom and anticipation of a new UC Merced opening there. The hope or hype, was that you could rent out to students that were projected to add about 25k (+ faculty) to a population about 80K. Thing is, the new school just opened and students are being added about 1000 per year- not fast enough to fill up dorms AND outside rentals. Thanks for your help regarding co-op fees.