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


To: Lizzie Tudor who wrote (59769)8/11/2006 3:57:59 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
Exactly correct. That's why the sales volume of homes has been declining for years as prices rise.

I have heard some say that lending was lax in 1989 but what happened was, prices rose SO HIGH relative to salaries that lax lending standards didn't matter.

So it was price exhaustion.
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