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Many say that, in real terms, housing will never ever again reach the prices it reached in that bubble. If there is inflation, they might.

But remember that the people who  need such rescheduling should never have bought such expensive houses in the first place. Thye are to blame too.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Feb 14th, 2009 at 11:31:03 AM EST
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