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Economist Warns: Housing Prices Will Plummet
neswmax ^ | Friday, 13 Jul 2012 02:47 PM

Posted on 07/23/2012 5:19:02 PM PDT by BenLurkin

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To: Grampa Dave

” *The lower priced homes in the N Bay were the ones selling over $500 to $750 K and were now selling for half of the price before Pelosi/Reid’s recession hit.”

There are entire towns in California where the REO’s are so numerous, that it appears half of the homes for sale are REO’s.


41 posted on 07/30/2012 11:36:57 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Grampa Dave

” *The lower priced homes in the N Bay were the ones selling over $500 to $750 K and were now selling for half of the price before Pelosi/Reid’s recession hit.”

There are entire towns in California where the REO’s are so numerous, that it appears half of the homes for sale are REO’s.


42 posted on 07/30/2012 11:37:33 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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