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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 (91167)	2/3/2008 10:30:15 PM
From: GST	Respond to of 110194

I did not say that real estate nationwwide is worthless -- what I said is that much of the real estate being sold at firesale prices could be worthless. As for San Fran and Hawaii -- very different markets - they each have their own strange way of levitating. Hawaii is an international real estate market - as is San Francisco to a lesser degree. Run-down houses in bad areas of most US cities are not exactly in the same league. Personally, I would not expect any market in real estate to keep pace with inflation for the next 5 years.