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1. Commercial real estate and housing are two entirely different markets.
2. There's a chart floating around the BMW board. It seems to suggest that we just went through a correction of the positive type...that housing prices were extremely depressed through the 80's and 90's and have only recently gotten back to where they "should be". So in a sense, the housing "bubble" may be "over", but not in the way that most people expect...that a contraction is unlikely.
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