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The Masked Tulip

Bringing Down The House

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The financial media and government officials are looking for a recovery in the housing market to “restart the economy.†The entire world—or at least every exporter from Shanghai to Bonn who is desperately dependent on the free-spending American consumer—is hoping that housing is about to re-ascend to its glorious bubble-era heights. But that is not going to happen—not this year, not even in ten years, for several fundamental reasons.

Basically details 5 reasons why the above is so - good bear read.

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