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March 19, 2008 / steve8

Is there really a housing boom?

most people and media outlets seem to present [this argument]

and it’s cirtainly not bogus, but I think not a really useful perspective…

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yes the prices are going up:

but not in any way that matters:

interest on avg house prices as a portion of gdp/pop

answer= no, there is no real housing boom during the past 10 years.

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