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  • When Will the Housing Market Bottom? [View article]
    Good analysis. Casey Mulligan had an article here on Seeking Alpha not that long ago, in which he suggests that housing will bottom when the sale price of a new home exceeds the cost of construction, perhaps in April 2009.

    Home ownership is tax advantaged due to the deduction of interest and the lack of capital gains taxes. Because of this, potential homebuyers will respond logically to alternative costs such as rent vs. own.

    If the new administration can restore confidence and avoid a further meltdown in the economy, housing may recover faster than many anticipate.
    Dec 25 07:33 am |Rating: +1 -1
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