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CBRE: All That Real Estate Money Out There Waiting... [View article]
Beyond the money loaned that was never "printed", what about the guy that bought a home for $50k and never moved, watched it go to $600k and it has now dropped to $400k. No money ever entered or left the market beyond his original $50k. Likewise with stocks or any other commodity that never traded hands turing a runup and turndown.