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April 27, 2009

Sunny Side Up

Karen Lee has seen both sides of the Florida housing boom. She worked in the mortgage industry for 30 years and in 2004, succumbed to the allure of skyrocketing housing prices. She and her husband sold their Key West dream home for $1.6 million and invested the money in other real estate.

When the Florida housing market crashed soon after, the Lees took huge losses - they couldn't even find renters for some of the houses.  Now Karen and Jim are reinventing themselves, installing solar panels in Vermont. Karen remains optimistic, though she and Jim are not making any money yet and they still have two houses in Florida to sell.

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