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Reply to commentCNN has it backwards
The title of this CNN article is "$500K homes now selling for $200,000" but a more accurate title would be "$200K home once sold for $500K."
As the realtor in the article says, "the properties were wildly overpriced."
http://www.cnn.com/2009/LIVING/04/02/foreclosure.dream.homes/index.html?...
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