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  1. Presumably the David Streitfield story today in the NYT saying that housing will never appreciate again is not linked here because it will be a major post of the day.

    In a way, it would kind of be nice if it were true. Housing would be more affordable.

    But I kind of doubt it.

    It would only happen if the rest of the economy were shot to hell. So nothing would be “affordable.” But that’s because of policy and could be altered if we had the will, which we don’t.

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