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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59672  
Subject: Re: intercst a Homeowner Date: 10/18/2012 1:58 AM
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workwayless writes,

I bought it for $21,000. It is 1100 square feet. Not the greatest part of Phoenix--but near the mountain parks and close to the Squaw Peak Parkway with easy access to the airport.

At the height of the housing bubble it was worth $145,000 and I had people leaving notes in my mail box begging me to sell.
Now it's worth ~$60,000. So glad it's still worth more than I paid for it...

</snip>


The foreclosure I bought had a similar trajectory. Owner paid $150,000 in 2007, I paid $66,000 for it in 2012. I hope I do as well as you did in surviving the next down cycle.

intercst
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