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To: MonroeDNA

Property markets are not uniform within countries. It may be that Florida requires a price correction. That does not necessarily mean that a correction is required in say, Texas. In fact, as you rightly point out, some parts of Florida may require a correction, but others, no.

It's not intellectually adequate to say that it's going to be happening across the board except in the case of a general, rather than property price, recession.

Regards, Ivan


12 posted on 05/14/2006 10:06:00 AM PDT by MadIvan (I aim to misbehave.)
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To: MadIvan

fed rate raises do cause national modifications(trends), as do dollar conversion rates for out of country investors


14 posted on 05/14/2006 10:11:44 AM PDT by kinoxi
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