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To: DannyTN

Probably allowed more developments to go ahead. Its not really surprising that in a nation who added over 4 million people last year.... yet only allowed limited development, that property prices would invariably rise.


8 posted on 03/14/2005 9:42:08 AM PST by ran15
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To: ran15
"Probably allowed more developments to go ahead."

No I don't think so. Development pretty much dried up during that period. There was something about the way properties were treated from a tax standpoint that either affected the profitability of the developments or somehow created a liquidity crisis.

47 posted on 03/14/2005 10:43:21 AM PST by DannyTN
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