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From: eniramamai
Category: Just an Opinion
Date: 24 May 2005
Time: 20:46:10 -0400
Remote Name: 68.49.181.185
Given that rents are not moving up, just home prices, I don't think the constrained housing supply argument holds water. The only constraint is housing for sale, not housing to live in. If there was a constraint in housing to live in, rents would be going up in geometric sequence with housing prices.
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