Eugene David
...The One-Minute Pundit

Thursday, January 31, 2008


Wonderful:

A Harris Interactive survey for Zillow.com in December found that 36% of homeowners thought their homes had increased in value over the past year, vs. 23% who thought they had decreased. That willful optimism translates directly into the record overhang of unsold existing homes: more than 4 million.

And we know where all that increase will go.

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