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Strategies & Market Trends : ahhaha's ahs
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To: GraceZ who wrote (4998)7/25/2002 2:31:07 PM
From: ahhahaRead Replies (1) of 24758
 
The housing price rise in California is across the board. It's inflation pure and simple.

California represents something like 15% of US GDP. If the real estate bubble bursts, it will have profound effect everywhere. The bubble may not burst, but it will certainly deflate, hopefully slowly.

If the stock market continues down, other financial factors will come into play and send California housing prices into collapse.
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