 Posted: Thu, Mar 31 2005, 9:05 pm EST Post subject: What Happens if It Bursts? |
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| What Happens if It Bursts?
AT cocktail parties these days, the chatter often involves a bit of bragging about real estate profits before it winds down to those famous last words: "The market might go down, but my area will maintain its value." It's as if people think that an electromagnetic field of protection will shield a particular series of brownstones or cul-de-sacs from whatever might befall the market at large because of higher mortgage rates, mortgage defaults or an oversupply wrought by downsizing baby boomers. (more...) |
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