Quote:
Originally Posted by GreyWolf
There are plenty financial people on the planet who have no doubts that there will be a substantial reduction in US home values - generally for a few years ahead.
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I am not arguing what you're saying. I'm just asking if you could provide a link to it. I've yet to read anyone who believes the housing industry will fall 30%. If you say that there are plenty of people projecting it, I'm interested in reading it.
Quote:
Originally Posted by GreyWolf
BTW - the US is not the only country with an overstated real estate value - Canada and the UK have their share and same with where I am (Costa Rica). The difference is the economic background is not so precarious, nor are these nations deep in debt - they all operate a relatively balanced economy in line with their revenue collection and international trading ability.
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The UK yes, but not Canada. Canada has a huge public debt just like the US.