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["Lynda" <lurine AT softcom.net>]

A lot of the folks with problems in this bubble are folks who couldn't 
afford to buy a house, period.  The need for housing does not include the 
*want* to own a house, so the whole supply and demand doesn't fit.  This was 
a case of creating a need.  All of the folks who bought already had a roof 
over their heads.

Lynda
----- Original Message ----- 
From: <Clansgian AT wmconnect.com>
> Yes but the demand for housing is different from the demand for food.  You
> need a certain amount of food, too much or too little is bad for you. But
> housing?  You can live in a 12' camper or a 6000 sq ft house.  The 
> latitude is huge.
> You may have seen the numerous articles about people doubling up, grown
> children moving in with parents and whole families moving in with 
> relatives.  The
> 'demand' for housing, especially the sort of housing most involved in the
> bubble, can be extinquished in a very short period of time.