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February 25, 2008 at 6:02 PM #159811
masayako
Participant

Is 70% drop possible???

I say 100% yes to SOME area.

For one example, a friend of mine bought Mira mesa MiraBella 1 bedroom 1 bath condo from a seller for about $70,000. At the peak, it list for $245k. That’s 72% drop if it ever go back to pre-bubble price. By the way, the HOA increases annually no matter what.