The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (74870)	12/5/2006 8:10:52 PM
From: ild	Read Replies (2) of 110194

My own (bearish) explanation for the average home price to be so high is because it's average. It may well be that higher priced homes have held better and had less cancellations. At the same time sales of cheaper houses and condos, which were subject to flipping or buy to rent, have collapsed. I use this explanation to justify why, for instance, in Orange County median price of a new home is 8% higher than in 2005. ocregister.com

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