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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (62733)4/25/2005 11:37:22 AM
From: Elroy Jetson  Read Replies (1) of 74559
 
If there is enough economic demand in your area for apartment buildings and a law is passed prohibiting the construction of apartment buildings -- the value of your property promptly declines.

You guessed the value of your property should have gone up because you are unacquainted with real estate economics, just like your idol Sowell. You need to have a talk with your local property valuer. They will be able to better acquaint you with with the facts of life.
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