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Originally Posted by Greg B
What? There've been localized real estate crashes every year. Especially in disaster areas.
Real estate outside of cartoons and porn is the only thing that can make you rich fast.
Every post hurricane season people pick up and haul ass and sell their shit cheap. Same with blizzards too.
In California when the ground rumbles, people haul ass.
After 9-11 you coulda snagged up real estate in NYC like it was going out of style.
Shit happens-prices drop is an equation you can always bank on.
Not to say everything you've pointed out is wrong, but check history.
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I don't think Buffet mentioned blizzards, hurricanes, earthquakes or "localized"
and niether did I.
