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To add to this discussion, at a seminar last year in Denver Jake Bernstein
showed a one hundred year chart of the US real-estate market. It has a very
well behaved 18-19 year cycle. It predicts a top in the market around
2001-2002. Jake attributed the chart to some source which I promptly
forgot.
My wife has been successful in past years buying repo houses from HUD,
fixing them up and realizing for a nice profit. She has complained over the
fact that in recent years the repo market has dried up. Now there is a
small, but growing supply on the market. Are times changing?
Marlowe
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