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Originally Posted by GermanStar
There's the thing right there -- "local markets". There's no bubble going to burst in my part of the world. If you live in a depressed area, home values could suffer. If you want to leave a depressed area for greener pastures, you may take a serious hit, but that doesn't seem like anything unnexpected...
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Major bubble in my area.....or what appears to be one anyway..
my town...the cheapest houses are $524,000 and up right now....most of those are teardowns....bought for the lot to build a new house...a 1/4 acre lot at that. Just how many people can afford that?
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Proud owner of ....
1971 280SE W108
1979 300SD W116
1983 300D W123
1975 Ironhead Sportster chopper
1987 GMC 3/4 ton 4X4 Diesel
1989 Honda Civic (Heavily modified)
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Section 609 MVAC Certified
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"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche
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