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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: oldirtybastard who wrote (91332)10/4/2007 3:48:05 PM
From: John VosillaRead Replies (1) of 306849
 
'And construction costs would naturally come down if someone weren't trying to devalue the currency due to those involved in the overbuilding losing contracts/jobs and having to work for less or not work at all'

If we were in a 1990's disinflation scenario that would be true as I think you are saying. We are far from that point today. Now that can change with fiscal discipline and tight monetary policy like the 1990's up till about 1998. We have drifted way off target the last 8-9 years as everybody here knows and with this housing mess it isn't going to change overnight to the other side for sure..

I have no doubt encouraging illegals to expand nominal GDP and housing demand is part of the grand plan. I doubt they told GWB the real reason he was suppossed to preach an open borders policy to us<g>
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