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Surreal Estate: How far will house prices fall?
Many Happy Returns
Housing Is the Business Cycle to a Large Degree
Housing is the business cycle to a large degree. It's usually a bit of a red flag if the housing market becomes a large proportion of the economy. For example, if you look at Spain just before they crash,. Yeah, an island. If you look at China right now, also problematic. So there, it's even more important.
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