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

To: Jim McMannis who wrote (166819)	11/24/2008 11:50:41 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

"We didn't really understand the severity of the market," Cicero said. "We lost close to $100,000 in equity so we were walking away from real money." They built the stucco home four years ago for $380,000 and later poured more than $80,000 into it, putting in hardwood floors, granite countertops, ceiling fans, blinds, drapes and a built-in surround-sound stereo system. They also expanded the deck by the pool, turning it into what Cicero called an "executive entertainment area." lol....that paragraph reminds me of this..."you can get any kind of home you want, you can even get stucco, oh how you can get stucco" groucho: youtube.com