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I Told You So

May 28th, 2005 - 11:13 pm

Will’s post on housing prices got me to thinking – “Didn’t we discuss something almost like this almost three years ago?”

We sure did.

Admittedly, I was talking about deflation and home ownership rates, and not about stupid people taking on stupid amounts of debt. But the princple remains the same: This hot housing market can’t go on.

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