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Subject:  Re: OT: KISS Date:  8/11/2002  2:05 PM
Author:  CatherineCoy Number:  73504 of 882712

If you had sold for a loss, you would still be liable for the deficiency.

But I bought at a significant discount which greatly limits my downside.

I'm still trying to figure out why real estate is considered such a pariah by FIREs.

By the way, for those who consider my purchase a "lucky" one, I know two investors who consistently purchase this way. It's called "value investing" in real estate, just as it's called in equities.

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