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PureBytes Links
Trading Reference Links
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For those who want to understand housing, and not just whine about it:
http://www.frontlinethoughts.com/article.asp?id=mwo070204
http://www.frontlinethoughts.com/article.asp?id=mwo070904
Regards
DanG
mr.ira wrote:
<blockquote type="cite"
cite="">
The housing boom must be near an
end. There was an article in today's paper about people lined up 2
days in advance, living in their cars, in order to buy homes that start
at $900,000. The average price of homes here is going up about $3000
per week. Last week the average price was $500,000, today it is
$503,000.
The housing market here is like the
stock market in 1999 and 2000. I don't think the housing market will
fall to the same degree as the stock market did, but a 20% drop will
hurt a lot of people. It will also reflect upon some commodities,
housing stocks and housing related stocks.
Of course there is no inflation. Just ask the government.
Have a good week end. Ira.
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