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Real Estate
Reply to "I think the bubble is popping."
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[quote=Anonymous]I think vast majority of folks are way too young to see a Bubble popping. Even 2008 was not a huge pop. Last one I recall was the NYC Coop bubble pop on apartment to coop conversions financed by Savings and Loans. I bought my first Coop from RTC, Resolution Trust Company. My coop sponsor went bankrupt and bank that lend they money went bankrupt and they auctioned off units. My unit I paid $27,000 in 1991 was fully renovated and in 1989 was selling $105,000. My building prices fell 75 percent down in 24 months!!! It was only a one bedroom no parking spot. Today it sells $350k. I sold over 20 years ago. That’s a pop. This will be barely a hiss when slows. [/quote]
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