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Monday, Aug. 7, 2006 | Wow, a real estate booster in public office? Who would have thought? Never mind record low affordability, an anemic job market for most professions, record short term price increases, population loss, interest rates that are still historically low and pretty much guaranteed to rise. It’s a great time to buy! This guy really has been drinking the Kool-Aid. Buying real estate now is like buying Pets.com in 1999. There is no serious rationale that one could put forward under which buying real estate at this point in time is a good idea, none.

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