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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Wed, 02 Feb 2005 20:21:08 GMT
/ Author of the message: "Don Zimmerman" |
Title of the message: |
Re: Will home prices fall?
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Text of the message: |
"ElaineJ" <demeter547opine@yahoo.com> wrote in message news:1107367715.886955.203240@l41g2000cwc.googlegroups.com... > Thanks, this is very interesting. From everything we've ever read or > heard, you're right, the total size of the housing market does > determine how stable prices are. For instance, there was a real drop > in house prices in Ithaca, NY some 10 years ago, just after a very nice > retirement community was built. So many retired professors moved there > that house prices in the city were down by as much as $20,000 for a > year or more. (We know about this because we have a relative who was > forced to sell at the bottom of the market and made less than she owned > on her house.) But this bears out your point: there's a major > university there, but Ithaca is a relatively small town when you > subtract out the people who have no intention of ever buying a > property. |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.