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real-estate economy

Salty follies and the Naked Property and Growth Lobby

You've got to see this video. Bernard Salt and cronies rattling on at an industry talk-fest.
Warning: Likely to cause anger, nausea or both. An even bigger chance of dying laughing at these unselfconcious antics of the Property and Growth Lobby.

If you are financing a home, you will lose it - US trends

Click image for filmThis film reports on a steep decline in land and housing prices in the US and predicts that they will fall further - by 70 or 80%. It says that if you are investing in a house or simply buying one now, you are going to lose the house because it will lose speculative value. It says that Americans with common sense are simply staying away from buying houses, knowing that they can bring the market to its senses this way. It says that the winners in this will be those who need houses and will soon be able to afford them. The losers - the land speculators; the people who have made money idly out of homelessness; the bankers, the middleclass housing investment wannabes - will lose their money. About time.

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