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I'll say this....
There will be plenty or forclosed properties to purchase. And you won't have to worry about their condition. Just wait a couple more years. Maybe less. When this bubble bursts, these people who are plunking down 500K for a 1200SQ house in LA will be screwed when the interest only portion of their mortage runs out and the rate skyrockets, and their payment doubles. Alll you have to do is find some in some newly construced complex.
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