We were lucky. we sold off a big piece of property right before the crash, although much of the pension that I had been working towards for 18 years evaporated. I guess we should have seen the inevitability of a crash when the property appraisals doubled every two years until land that we paid $470 per acre was valued at $10K. We sold it, and it dropped right down to less than 1K. The buyer was not happy. We did not sell it because we were clever, but because the property taxes were killing us.
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