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

To: Proud_Infidel who wrote (37259)	8/9/2005 7:01:59 PM
From: David Jones	Respond to of 306849

>>>>>"The market isn't going to self-correct," says Nicholas Retsinas, director of Harvard's Joint Center for Housing Studies. "We are not going to return to a day where the housing market is in synch with our labor market and issues of affordability are restricted to the very poor."<<<< Can one trust this Retsinas? "Even the most sanguine analysts expect the current price escalation to abate. The economic axiom is right: eventually prices must jibe with income. "http://www.jchs.harvard.edu/media/housing_worry.htm