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[quote=Anonymous]Neighborhoods are not created equal. In 2007, when prices in the outs burbs were crashing, the market in close-in, desirable neighborhoods slowed down, and dipped about 10-15% (max). There were loads of doomsayers on the real estate forums who were crowing about how the crash "is moving in!!" and how they were going to bide their time and pick up a house in North Arlington cheap (CHEAP!). Anyone in 2007 would RUE THE DAY! Well, looking back, obviously buying in North Arlington in those days was a very wise move. Is it possible that the N. Arlington real estate market will crash? Yes. But if it does, this city (and probably the country) will have much bigger problems. They aren't making any more close-in real estate (particularly in areas with good schools). Demand is likely to always exceed supply. [/quote]
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