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To: yard_man who wrote (46587)7/21/2002 10:32:34 PM
From: Shack  Read Replies (3) | Respond to of 209892
 
Why should we think that the market for homes will drop off gradually??

Its just that for those home prices to drop, we need more than a lack of buyers, we need sellers. Unlike paper, this is a real functional asset and as such is not prone to an overnight collapse. All IMO.

Edit-Unless we get massive overnight job losses.