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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (1788)	7/1/2013 6:40:56 PM
From: tejek	Respond to of 2722

A lot of damage was done to the housing market from 2001 til 2007. Recovery won't be over nite If you overlay the 1983-89 housing boom we'd now be at the equivalent of 1995. But some markets are now at all time highs whereas most of those same markets in the northeast and CA were just slightly off the bottom then and didn't really see a new high till 1999-2000 Yes, but conditions are not the same. Back in the 1990s S CA experienced a recession similar to the one the country experienced in 2008. You couldn't sell a house in S. CA. NYC, Boston and SF got hit too.......just not as bad as LA. This time NYC, Boston and SF skated thru............NYC = Wall Street and SF and Boston = hi tech. Only LA got hurt badly.......and it lags NYC, Boston and SF. Having said that, I don't think any of those markets are at their 2007 highs.