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To: nanak
Then you don't know anything at all about previous real estate BUBBLES. Why and I not surprised? LOL

Yes,the market BUBBLE of the mid '20s (America was actually in a recession in the early '20s and the stock market hadn't zoomed yet!)-'29 and the TECH BUBBLE of the mid '90s,which broke in March of 2000,have similarities a plenty;however,that has less than nothing to do with the supposed real estate Bubble that "experts" have been calling for for years and years now.

The last two real estate BUBBLES,were in 1873 and 1890. Real estate,like most things,go in cycles and has ups and downs;however,BUBBLES are something quite different.

26 posted on 12/10/2004 10:04:05 PM PST by nopardons
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To: nopardons

Florida real estate bubble mid-1920s


30 posted on 12/10/2004 10:09:40 PM PST by durasell (Friends are so alarming, My lover's never charming...)
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To: nopardons
Just curious. Would you call the housing price downturn of early 1990's a bubble.

I remembered that some of the upper-end houses actually dropped 40-50% in value in California.
31 posted on 12/10/2004 10:11:57 PM PST by Fishing-guy
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