Tuesday, August 28, 2007

Over-valued real estate # 4 - Bethesda, Frederick and Gaithersburg, Maryland

The cond0-flippers of Bethesda are in some trouble. Market prices are massively above their long run trend growth. What kind of fall is needed to bring Bethesda and the surrounding neighborhoods back to trend - 41 percent. It is almost as bad as the nation's capital.

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