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by baskethead
1629 days ago
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As house prices drop, more people will try to buy full-sized single family homes and the least desirable houses fall faster. You could get a 10% drop in house prices, but these split lot houses could fall 50% or more, just like condo prices. This happened during the housing crash of 2009. I know first hand, my own condo dropped by more than 50%, which I did a strategic default on. |
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