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To: Elle Bee
if the dollar was really weak why wouldn't the value of housing rise?

Perhaps because their value is relative to the ability of the local economy to sustain the market. Those markets more exposed to international influences have a greater influx of foreign investment, likely sustaining price levels or even increasing them. Those less exposed rely upon local jobs. Since we're in a downward cycle, prices in those markets drop.

30 posted on 11/08/2007 2:53:03 AM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Elle Bee
Just yappin' of course...
31 posted on 11/08/2007 2:53:33 AM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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