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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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One question how much has your local RE increase during the recent run up. If it didn't get out of whack, prices won't decline radically.
We are no where near the bottom. This is going to take some years to work out, expecially in places like CA. There is going to come a time when you can't give RE away for love nor money. This bubble has to deflate, back to where an average joe can afford an average home on his wages.
If they are asking 250K...offer 190K and see if they bite...there are other fish in the sea, gona be lots of them.
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"Some Observer"
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