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To: blam

I just looked at a fairly new house in Arizona that sold for 248,000 in 2005, and is now 77,000.


27 posted on 07/26/2012 8:22:40 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: stephenjohnbanker
I just looked at a fairly new house in Arizona that sold for 248,000 in 2005, and is now 77,000.

It will be an even better buy in 2014, when it appraises at $60,000.

Banks have hundreds of thousands of underwater mortgages in their portfolios. They're releasing dribs and drabs, hoping that prices will continue to firm.

28 posted on 07/26/2012 8:35:09 AM PDT by Night Hides Not (My dream ticket for 2012 is John Galt & Dagny Taggart!)
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