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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: J. P. who wrote (10827)5/27/2003 9:08:18 PM
From: Elroy JetsonRead Replies (1) of 306849
 
In the long-term, real estate prices exactly match the growth in GDP.

In the long-term, stock prices match the growth in corporate profits.

In the short-run, stocks and real estate are supposed to match the fantasy projections of stock brokers and realtors.

The short-run and long-term are alternate realities which periodically intersect in normal space-time.
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