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Re:Real Estate

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I agree it's crazy.

 

But I am pretty certain it will go down. Not that I want people to lose money, I don't. But real estate has been going in cycles for at least a couple of decades...and I am willing to bet it will happen again.

 

After all, there isn't an unlimited amount of people who can afford these prices...and interest rates will be going up.

 

K

 

In a message dated 4/20/05 8:24:18 A.M. Pacific Daylight Time, writes:

Message: 22 Tue, 19 Apr 2005 23:41:52 -0000 "njdoane" <njdoaneRe: OT ? , fraggle <EBbrewpunx@e...> wrote:>i think the median price range for a house in the bay area is>*sigh* $670,000It's crazy isn't it? My neighbors just sold and moved to Washington state. They bought their house for $575K about 6 years ago and sold for $1,177,000. I don't know where it will end. Or how people can keep paying these prices. I'm from Portland and it's bad up there too. nancy - very glad to have bought when we did

 

 

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