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

To: Lizzie Tudor who wrote (138238)	7/31/2008 8:42:55 PM
From: XBrit	Read Replies (1) \| Respond to of 306849

I haven't been following your foreclosure buy, whereabouts is it? We have a friend who's getting divorced and looking around for a place to live. (She's a divorce lawyer, the poor guy is doomed LOL). She's seeing flipper foreclosures around San Jose Japantown for like $400k which had changed hands for $600k (numbers are third hand, may be a bit off). She's thinking that's not a bad deal. Renting doesn't work for her because of a kid, dog, 3 cats and a ferret. I'm doubtful they're at bottom. But worst case she gets a house near work and school, and she'll probably be back even in nominal terms within a few years at worst.