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Originally Posted by greentea
my girlfreind and i just bought a house here in florida for $300,000, 2 years ago the guy paid for it $170,000.. This market will crash hard, this bubble will burst in the next 3-5 years.
Real estate in palm beach alone has jumped $100,000 in just one year!
I kick myself in the ass for not buying a home 2-5 years ago.
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Greenspan himself has said "real estate is different........people have to live somewhere".
But, I agree the speculation is out of control. Major correction needed.