The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (33186)	6/12/2005 10:47:26 AM
From: Elroy Jetson	Read Replies (3) of 306849

You have thought yourself into a corner. A person who looks at a population of 280 million people and sees labor shortages is kidding himself. Australia, a nation of roughly the same geographic size, has a population of only 20 million and does not have any labor shortages. How did an extra 260 million people in America create labor shortages? When a credit bubble pushes homes prices to a level that virtually no one in society can afford: you need everyone in the nation to leave and be replaced by far wealthier people; or you need to admit that home prices will decline because they have bubbled up to a level which cannot be supported by the incomes of existing citizens. .

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