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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (8873)2/13/2003 11:22:40 PM
From: 8bitsRead Replies (1) | Respond to of 306849
 
"JP: the assumption on interest rates holding the key to higher prices ignores the experience of Japan."

True but I remember reading that one time the land under the imperial palace was worth more than the entire state of California. That's a serious disconnect.



To: NOW who wrote (8873)2/13/2003 11:33:16 PM
From: Mr. SunshineRead Replies (2) | Respond to of 306849
 
<<JP: the assumption on interst rates holding the key to higher prices ignores the experience of Japan.>>

Equity inflation, in both the stock market and real estate was much further out of whack in Japan in the late 80's than it is now in the U.S.. Japan had, and still has, much more excesses to work out of the economy than we do now.


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