My Internet Notebook

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LA Times on Housing Bubble

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Los Angeles Times: It’s Not a Bubble Until It Bursts

In the face of irrational exuberance in the housing market, a rational question home owners can ask themselves is – own or rent?

It is well known that house price has appreciated over 50-70% since 2001 in some regions. It is understandable one worries about the eventual decline in real estate price. Another question to ask, in an economy that is growing 3-4% annually, how much/fast should real estate price appreciate? Probably should be faster 3-4%.

Written by Y.

May 30th, 2005 at 3:12 pm

Posted in Everything Else

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