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Ten Comments on Housing

I, too, don't think foreigners will snatch up properties here. Nobody can time the market but I do plan to start looking at the end of 2009. As of what's going to happen to abandoned houses? The sheriff's office will take it to the auction block for the tax owed on it and a reservation price of the same. At this point, I don't know if the second lien (the bank's interest) will apply. Hopefull investors are smart enough to figure out this portion, or there's going to be a lot more drama.

haha.