Sunday, July 13, 2008

Housing Still Sinking

On a 3 mile stretch of road ont he way back home from dinner last night, my wife and I saw 30 houses for sale. It is a densely populated area, but still 1 house for sale every tenth of a mile. I live in a region where the housing stock did not experience a bubble, and it is sinking here. I know there is price inflation in energy and food, but homes keep sinking. Cheers to every renter out there getting ready to pounce.

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