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Is the Real Estate "Bubble" Going to Burst? Not Likely!
by William Bronchick
A lot of ,hoopla, has been floating around the news media lately about the ,bubble theory, of real estate, that is, the theory that the real estate market is going to burst. In my opinion, this theory has no merit.
First, understand that there are three basic premises that undermine the discussion of a real estate ,bubble,:
1. There is no ,national, real estate market
2. The real estate market doesn’t explode or crash
3. The market has limited relevancy to the shrewd investor.
The Real Estate "Market" is a Compilation of Local Economies
When people speak of the real estate ,economy,, they are using nationally- based statistics. For example, Fortune Magazine...
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