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Now the housing market is starting to make sense again

Discussion in 'Political Discussion' started by Fogbuster, Apr 9, 2009.

  1. Fogbuster

    Fogbuster Pro Bowl Player

    Aug 10, 2005
    Likes Received:
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    Back in the days before the artificial easiness of mortgage credit -- and no such thing as "pulse loans" (anyone with a mere pulse could get one, thanks to the .. ahem... Congressional legislation (sic) ) -- which caused the price of housing to inflate at 2, 3, 4, or even 5 times the non-housing inflation rate, homes were not cheap but they were sensibly priced.

    Now a home that cost more than $400,000 a couple of years ago may be had for only $85,000.

    THAT'S more like it!!!

    Buyers return to Miami housing as prices plummet - Apr. 9, 2009

    " .... and the Times, they are a-changin'....." .....:singing:...........:singing:


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