Quote:
Originally Posted by apk919
The problem is, the only way for those places to be worth $1.5mil in the near future is for a wholesale return to the insane market of 2005. That's not likely to happen. So it may just be that those $800k places are actually only worth $800k... and will not appreciate any faster than inflation in the future...
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Thats exactly what I was thinking... so it probably really was never a 1.5mil. house... so even now it might not be as good of deal as one might think
