- "Mastros had jewelry worth millions in France, trustee says" http://t.co/ELFbyfPU via @SeattleTimes ->
- Our Guess the Price Rerun contest house ( http://t.co/edINVV65 ) went pending at $299,950 yesterday! http://t.co/TwVq4bSo ->
- Bill McBride of @CalculatedRisk – "This is the best shape we’ve been in since ’97." http://t.co/08ZEvjYQ ->
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I read the Calculated Risk article a couple of days ago, then reread it here.
Two thing he doesn’t mention are personal debt limits, and the fact housing is being taken over by bigger, and bigger builders who have enormous capabilities to produce housing rapidly.
It isn’t a matter of being bullish, or bearish on housing, it’s just changed a lot since 1997.
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RE: David Losh @ 1 – Will be interesting to see how CR’s calls play out. I’m extremely dubious, given the prior graphs from 1927-1948 (or thereabouts).
I’m especially curious about our ability to handle an increase in the interest rate.
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Seattle Reality Wall:
For Sale $15,000
Detroit, MI 48238
Beds: 3
Baths: 2
Sqft: 1,600
Lot: 6,098 sq ft / 0.14 acres
http://www.zillow.com/homedetails/2935-Oakman-Ct-Detroit-MI-48238/88272116_zpid/
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