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News Link • Housing

Flood of foreclosures could drive home prices lower

• LA Times

1 Comments in Response to

Comment by Powell Gammill
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When you have a bubble, the goods (real property in this case) are overpriced. The bubble bursts. Everyone looks around and goes, **QQ**What the f@*k!**QQ** Then those in the know who watched swoop in after the fire sales start. Cause fire sales, in a buyers market drive prices down to their actual value.

But the prices have not started to fall yet. Not really. The buyers are still waiting.

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