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To: Semi Civil Servant
"The nice thing about housing is that it has inherent value."

Don't tell your bank. They might foreclose. ;)

"You can still live in it even when the housing market craters."

In Texas, sure.

52 posted on 07/23/2002 7:24:17 PM PDT by Tauzero
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To: Tauzero
HOUSING BUBBLE IN THE MAKING?
Here are some ways to determine whether your market is overheated.

 Increases in home prices are consistently greater than the growth in household income.
 
 Home prices have been increasing at double-digit rates for more than two years.
 
 Realtors are buying homes and immediately selling them.
 
 Houses don't stay on the market for more than a day or two.
 

Source: Economy.com

62 posted on 07/23/2002 8:04:30 PM PDT by razorback-bert
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