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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (90920)	1/28/2008 11:30:46 AM
From: Jim McMannis	Respond to of 110194

And Merrill Lynch predicts another 25% in the next 2 years.

To: John Vosilla who wrote (90920)	1/28/2008 1:26:10 PM
From: Rarebird	Read Replies (1) \| Respond to of 110194

When we were in Fort Lauderdale for 2 weeks in December, we stayed at a very nice small resort where the owners also operated a real estate company in Naples. They said prices were off 50%-60% from their highs in Naples and 25%-30% in South Florida. Until a couple of years ago, they said they just bought homes, renovated them and sold them for a quick profit. That cycle lasted 15 years, according to them, till a few years ago. Too bad they got stuck overpaying for the resort they bought at the peak of the market!