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[QUOTE=Sharpie}
It is however always LOCATION, LOCATION, LOCATION that makes the difference. [/QUOTE]
So very true. Even in huge declines, like in the 80s when Hawaii was hit by the loss of the Japanese buying and suffered 20% declines, the best properties came through relatively unscathed. In most cases when property declines, the premium, most in demand locations seem to remain stable in price.
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