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Interest Down, Prices Up

September 21, 1986

So interest rates have come down, but I've noticed that as they've done so, prices--especially on new homes and condos--have soared. So the banks still make money and so do the builders. But the owner of a condo in the upper $90,000s who wants to sell and buy another (especially retirees on fixed incomes) has little or no chance.

SAM BLUEFARB

Diamond Bar

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