TheMeeper Wrote:
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> You'll find these deals all over western PA too.
> Some friends of mine bought a place in Pittsburgh
> for like 25k a few years back. Granted it's in a
> really apocalyptic-looking neighborhood, and it's
> decrepit like the house from
> Fight Club, but it's like a huge 5 bedroom single
> family home. For 25 grand! Most people around
> here buy cars worth more than that. I never saw
> anything less than 10k before, but I'm not
> surprised. Some of those places up there are just
> downright depressing, filled with some pretty
> desperate folks.
>
> You'd never bitch about Fairfax again if you had
> to spend time in some of those places.
It's about to get much, much worse. IndyMac has failed. It could be the biggest bank failure in U.S. history. It happened after the market closed. Dow 10,000, here we come!
http://money.cnn.com/2008/07/11/news/companies/indymac_fdic/index.htm?postversion=2008071120