On Feb 21, 2008, at 3:47 PM, Harry Pollard wrote:
<Some stuff deleted>
Look out, here comes the bubble!
For the first time, I’ve seen an economic analysis that revealed to a
startled world that it isn’t increases in the cost of bricks and
mortar that have led to less and less affordable housing – it’s the
land that is bubbling. If anyone is interested, I’ll find and post it.
Meantime, we’ll call it a financial catastrophe, a banking problem, a
currency crisis, an unregulated mortgage industry disaster, anything
but what it really is – land-value speculation.
Harry
Harry, I'd love to see the economic analysis you mentioned in your
posting (a very good analysis in itself, I think).
Thanks.
Barry
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