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Old 07-26-2006, 08:10 AM  
KRL
Entrepreneur
 
Join Date: Oct 2002
Location: USA
Posts: 31,429
The real estate markets are insane in most of the biggest cities. The average person has been priced out of the market.

You simply reach a point where the price of housing is so out of synch with the population's income and affordability factors, that the buyer base literally evaporates and you end up with panic selling as property investors try to get out with anything they can.
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