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well put (Mr. Belive it or not).
Jul 31 12:51 pm
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All Comments by Real Estate Broker »Some Real Talk on Housing [View article]
The only thing that should drive appreciation are real wage increases and population growth. During the boom there was a an inverse relationship between home appreciation (upside) real wage increases (down) population growth (somewhat down).
So clearly, the rampant running appreciation in the RE market was a farce.
Oh and by the way, no offense on the "Realtard" comment. I can't knock the facts.
Well, that and Lawrence Yun-the NAR's chief economist is the biggest spinmaster and Realtard of them all!!