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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Box-By-The-Riviera™ who wrote (169174)12/5/2008 9:20:45 AM
From: TommasoRead Replies (1) of 306849
 
Booze may be up, but it is still cheap.

I really believe the hedonic argument when I consider what has happened to beer and wine in the United States. For same price, inflation-adjusted, as forty years ago, you can get a microbrewery beer of excellent quality instead of something that tastes like fermented cornbread with rust added. And some American wines are beating French wines in blind tastings. You can get a perfectly drinkable supermarket brand cabernet for $4.00 a bottle. I can remember when the best my grandparents could come up with was Roma red or white and they paid the equivalent of $12.00 a bottle now for that awful stuff.
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