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February 22, 2008

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Calvin Massey

No wonder Hans Smit seemed rather self-satisfied back when he taught Civil Procedure to my class.

David Friedman

Did he plunk down the entire $325K at the purchase? Probably not, so his equity investment was even lower. Maybe more like a 20% return when you average it out. Pretty good!

Al

Wow. I take it $325,000 was below market-rate for the house in 1979?

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