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Registered
Join Date: Dec 2004
Location: Manhattan Beach
Posts: 774
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Quote:
Originally Posted by look 171
It going to slowly creep back up because the banks are now loaning money again. My agent tells me that she hasn't stop in the past one and half months. Now I am backed up with a few mid size whole house remodel jobs around Silver Lake and Hollywood. People will spend if the banks are letting cash out.
Jeff
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Low end may be closer to the bottom than the top, but mid and high end have a long way to fall. Increased lending isn't going to create increased prices, unless we go back to poor/no qualification standards, and absurd loan products. Not enough demand (with cash) for huge inventory
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Now Porsche-less
ex-'74 Carrera, '93 RS America, '89 Cab, '88 Coupe
“Thank god there’s no 48-hour race anywhere in the world, because chances are nobody could beat Porsche in a 48 hour race.” Carroll Shelby, 1972.
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