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With all the foreclosures coming on market I predict they will crash and burn. Of course with government and Fed price support, most of it behind the scenes you never know. Around my area (San Bruno/Pacifica) there are lots of bank owned properties starting to show up, I can't imagine that San Jose is any different.
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Otherwise why would so many of these guys would risk their cash, They seem fully optimistic about the summer-2011.
Do you guys observe the same on Redfin and when you drive around ?
#housing