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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (3471)7/21/2002 5:34:17 PM
From: Elroy JetsonRead Replies (3) of 306849
 
But reading the Economist recently, I was reminded that in Japan in the first two years of its bubble breaking, Japanese real estate -- land and property -- went up even as the Japanese market went down 50%. You might think the real-estate market would eventually be affected by animal spirits dropping a bit and consumer confidence coming down.

from Barron's interview July 22nd, 2002
"Living With the Pain" An Interview With Jeremy Grantham
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