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in 1999 my wife and i were in escrow on a house here in orange county. It was a 3 bed, 2 bath on a quarter acre for 323k. We were contingent on an our condo selling, and it fell through. We could have done some heroic hoop jumping and still bought the house, but we let it go, and figured we would just buy later.
Today, you can't get into that zip code for under $750,00 and that same house resold this past summer for over a million.
-sm
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