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

To: George8 who wrote (49431)	3/3/2006 10:05:28 PM
From: Schnullie	Respond to of 306849

I call this an excellent flip/trade. Good grief George, do the math! He's underwater $80K according to my fairly conservative calcs. This in less than a year. Call it a back-flip. But you're right....it could've been much worse for him had he not bailed. Still, even though this transaction was disastrous for the flipper, it will nevertheless show up as a statistical increase in median price, while stretching out the time on market and contributing to inventory. Its provides a very comprehensible parable of the trend in housing stats.