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August 29, 2005
Bursting The American Dream
The bit about cars is an interesting factor in housing supply and demand.
These two factors——low mortgage rates, and the fact that the country has filled up so much that our cars no longer marginalize location costs——go a long way toward explaining the surge in housing prices over the past decade or so. But they don’t go all the way.
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Posted on August 29, 2005 06:39 AM by House 78.
Filed in Real Estate under housing prices.
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