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Newly2b

10/12/04 5:45 PM

#308657 RE: Sam_0 #308652

In my experience, when the housing market begins to slide, it is the high-end homes that stop selling first. During the crash in the early '90's, the starter homes kept going, but the high-end stuff was dead.

BTW, they also lose the most value in dollar terms. If the market drops 10%, a $1mill. home drops $100K in value, but a $300K home only loses $30K.

Newly