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That sort of happened here. Realtors here were over estimating values and ripping people from the city off. Foreclosure is very high here from people from the city buying houses for 2 to 3 times what they are worth after having them appraised at the inflated price. It was a scam and quite a few went to jail over it after the fact.



Happened everywhere Ian. That's what the housing bubble pop was: Artificially inflated prices coming back to reality.

Contra todo mal, mezcal; contra todo bien, también