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July 12, 2005


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Much talk has been made of a bubble but I see no slowing down yet, however it seems foreclosures are rising.

I think bubble is a strong word too. The fact is, that as rates climb, more and more people will not be able to afford either to buy a house, or even move and lose the attractive rate they have now. My bet is that the massive equity increases will taper off and we will see some relatively stable prices for awhile. But then again. What the heck do I know? :)


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