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To: John Vosilla who wrote (53007)	7/3/2006 12:26:37 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 116555

heck yeah. it's been one big money love fest. From $45/hr drywallers to overpriced granite counter tops. When the money flows the money flows. A set of countertops can cost as much as a small car...lol

To: John Vosilla who wrote (53007)	7/3/2006 12:29:40 PM
From: Jim McMannis	Respond to of 116555

RE:"This makes me think suburbs of markets like Phoenix are going to take an incredible tumble in values." It probably ALREADY HAS. the WOULD BE SELLERS JUST DON'T KNOW IT YET.

To: John Vosilla who wrote (53007)	7/3/2006 6:24:12 PM
From: Elroy Jetson	Respond to of 116555

Insightful. Over the past ten years, the population of the United States has increased from 264 million to 300 million - a 14% increase or a 1.3% increase per year. People point to this 1.3% growth rate as the reason home prices have recently increased in price by 20% per year. A 14% increase in population leading to a three or four-fold increase in home prices. Its obvious to the normally intelligent person that these facts are more or less unrelated. The home building industry has created far more homes than is required by this increased number of citizens. .