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No mortgages

January 26, 2011

Mortgage activity hit an 11 year low, this off the heals of case shiller double dipping. Coincidence! Lending and cheaper lending is what drove home values. There is NO WAY housing prices rise if people don’t ask for loans AND banks want to make them.

Man I’m glad in don’t own a house. I’m thinking in another year or two I can trade a few goins for a nice chunk of property.

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