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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (62720)4/25/2005 4:31:20 AM
From: Elroy Jetson  Read Replies (1) of 74559
 
Today seems to be idiots delight.

First we have Edward Glaeser who confuses the effects of income density on real estate price for the effects of land use zoning.

Now we have a new imbecile named Thomas Sowell who has confused both the effects of income density and a real estate bubble, caused by extremely loose credit, on real estate price for the effects of land use zoning.

People desperate to prove the untrue, like a drowning man, will grasp for anything in a hopeless attempt to avoid the inevitable.
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