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Old 10-30-2007, 10:43 PM
Tien Tien is offline
Senior Member
 
Join Date: Oct 2005
Posts: 795
Default Re: You have $400k in cash, buy House with it or rent & invest

They're gonna keep dropping I certain areas of the country.

I've spoken to many investors in the States that have said that bank owned real estate account for up to 20-25% of homes on the market in some areas. That's huge.

With more mortgage resets bound to happen next year, the worse is still to come.
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