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[Clansgian AT wmconnect.com]

> 
> An inquiring mind desires to learn. It signifies open-mindedness. I am  
> skeptical if that is the case here

Ditto, of course.

My suspicion is that the realtor-minded, from Lawrence Yun on down, are like 
Monty Python's Black Knight in the Holy Grail.  After Arthur hacks off all 
his 
limbs, he taunts Arthur to come back and fight (you coward).  Reminded that 
he has no arms or legs, the Black Knight replies, "Only a flesh wound, I've 
had 
worse!"

Like that, if there were a ten year supply of houses on the market, they were 
only selling at 15% of their peak value, the volume of sales was 1/50th what 
it had been, there was no financing whatever available, and fifty million 
homes were being foreclosed ... apparently the Realtors(tm) would still be 
saying, 
"There's no collapse, there's no slump, there never was a bubble, ... it's 
only  a flesh wound, er, I mean, normal cycle ....it's a great time to buy!"

So, of course, it is not possible to discuss the presence or absence of a 
housing bubble or housing collapse when no matter what might happen would by 
definition be not a collapse.   </HTML>