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1) Nothing in the last few years happened to increase the demand of housing on a national (or international) scale.
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Some would say imigration. I think this is bunk ... minimum wage jobs won't pay a mortgage. Soooo more to my point ... the run-up is "off the chart"
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2) Wages didn't grow much faster than inflation in the last few years.
3) Prices can't grow to the sky. They are rooted in supply, demand, and wage growth.
4) Supply is up, demand is down, credit is tight. The top is in.
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We agree. We've topped. I just don't think analysis-paralysis will find a top or bottom.
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FIRE'd since 2005
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