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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: bentway who wrote (45826)10/18/2011 10:21:54 AM
From: Mike Johnston1 Recommendation  Read Replies (1) of 119360
 
As a place to live, savings vehicle and inflation hedge - yes. People were forced to pay the mortgage (forced saving), got a place to live and at the end have this asset that has kept value with inflation.

But no net new wealth is created.
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