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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (54471)	8/8/2006 3:37:17 PM
From: mishedlo	Read Replies (1) of 116555

all the talk made it happen - LOL and it's your fault ============================= nytimes.com Richard Gross, an investor from New York City who bought a three-bedroom house in New Rochelle in February 2005, hoping to resell it at a profit after making renovations, said he had had trouble getting the price he wanted. He bought the house for $315,000 and put in more than $100,000 in repairs and renovations, he said. Now, despite having had the house appraised at $555,000 and putting it on the market three months ago, he has yet to receive an offer that exceeds $500,000. “It seems like the boom kind of ended with everybody's talk of the bubble bursting,” he said. “I think all the talk actually made it happen.”

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