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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Travis_Bickle8/10/2006 11:14:13 AM
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To me the housing bubble is relevant only as it effects whatever companies I am shorting at the time.

The companies I short like to build in areas with hot real estate markets. This is because they can sell a lot of expensive houses in those markets much quicker than they can sell them in Topeka, Kansas.

For all I know the real estate market in Topeka, Kansas is rock solid and only getting better. If so good for Topeka, good for Sheridan, Wyoming, and good for all the thousands of towns and cities where the builders I am shorting have no interest whatsoever in building.

Arguments over the national real estate markets are pointless unless the builder in question is suffiently diversified that their planned projects are truly national in nature.
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