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No. of Recommendations: 1
I'm concerned, this based really just on what's going on with my life and those near and dear to me. People are being laid off, jobs are getting scarce, and very nice condos (this in SoCal) are sitting for sale at reasonable (for here) prices. Many people have interest-only mortgages. If the economy does not start to pick up, I don't see how the real estate market can thrive over the next few years.

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