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To: The Freep who wrote (131441)	3/29/2006 2:12:28 PM
From: NOW	Respond to of 209892

this is OT for the thread but to answer your question, home forclosures have already risen 32% in Denver yr over yr! SO, dont kid yourself. if prices begin to fall, people will be really impacted

To: The Freep who wrote (131441)	3/29/2006 4:20:04 PM
From: bcrafty	Respond to of 209892

OT: Freep, I agree with all you said. Since I don't live in southern California (but visit frequently)the only thing I could possibly add about "historical perspective" of falling LA real estate prices is that, if memory serves me correctly, around 1987-89 some those who sold some of the more high end properties saw depreciation of as much as 25%. But that downtrend only lasted a few years: realty then levelled off and then resumed a slow climb. Do you remember that realty slump during that time period?