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Strategies & Market Trends : ahhaha's ahs
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To: ahhaha who wrote (1261)2/27/2001 11:32:20 AM
From: ahhahaRead Replies (1) of 24758
 
The median home price rose to $169,800 in January from $158,600 a month earlier, the department said.

Anyone want to explain away this?

Here's a wasting asset, an out-of-pocket loss, appreciating. It creates no future value, so why should it appreciate? Besides, isn't it good for homeowners? And isn't it only appreciating at 6% per month which is perfectly fair, and just, and right?

There is no inflation. There is no inflation. After all, shoes don't cost more, or do they?
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