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

To: kathtoo who wrote (88474)9/7/2007 7:33:30 PM
From: GraceZRespond to of 306849
 
Grace, You're kind of making my case for me.


A correction, even a severe one, that wrings out excess and busts speculators is a very good thing.

A depression implies that even non-speculative positive economic activity grinds to a halt.

I'm seriously on the side of a hard correction in housing but since housing offers no value add to the economy, I don't expect a recession (two or more quarters of negative GDP growth).


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