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RE: A Peek Into the California Real Estate Bubble

in LeoFinance3 years ago

Interesting will have to read up about that short selling deal, but thats also essentially defaulting on the debt, which could be a big problem for banks

So this side homes in the 1.8 mill range and up have actually started to lose value, especially ones in the higher ends so 2-4 million have been cut in half as demand dries up (most owned by foreigners) while the normal market so the 300k and down has still kept steady and rising since there's always a new sucker born every minute.