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Post# of 704044
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Smart_Money

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Smart_Money

Re: Newly2b post# 319558

Saturday, 11/06/2004 4:12:16 PM

Saturday, November 06, 2004 4:12:16 PM

Post# of 704044
On the Commercial side investors in Texas bought the dip all the way down. Only to find out they could not pay the mortgage with the declining income and eventually lost the property. Rents became so low apartment owners with no debt could not even pay the property taxes. Hard to believe but a fact.
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