0n (27 May 08) Roy Witt wrote to Cindy Haglund...

 RW> 27 May 08 07:27, Cindy Haglund wrote to Roy Witt:

 RW>  TW>>>> The little 1000 Square Foot house I live in has
lost $100,000
 RW> in  TW>>>> value

 RW>  CH>>> so haven't the bigger ones. Everyone is losing. It's that dam
 RW>  CH>>> bubble of a few years ago. It's bursting.

 RW>  RW>> The guy who bought my California home lost quite a bit. $122,000
 RW>  RW>> since I sold it to him in 2006. Can you say; upside down?

 CH>  Isn't this all the reversal of the big huge bubble in 2004 though?

 RW> I don't think so. Property values in California have always been going
 RW> up. I bought that house for $176k in 1994. It was built in 1973 and

 I do. That's what the papers are saying anyway. (Nytimes/Orlando
Sentinel/Star Telegram (Fort Worth)... on this issue.

Remember up north and in CA this bubble had taken place already and not
as fast as it has in Tx and FL..

So it's as though your bubble is just , bigger than ours.

Cindy


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