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Re: Newly2b post# 108815

Sunday, 05/18/2003 11:01:42 PM

Sunday, May 18, 2003 11:01:42 PM

Post# of 704047
I lived through the Houston Real Estate crash in the mid 80's. I had friends who owned large apartment complexes FREE and CLEAR and could not pay their property taxes and up keep. So many just boarded them up and waited. I learned just because a property is free and clear does not mean it's "paid for". The buyers came from California, New York and cleaned up.




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