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Umh, do you realize the date on this is June 2005. Any predictions of impeding doom were incorrect so far.

The Economist has been talking about the global housing boom for years. There's certainly merit to their discussion, and there could easily be some pockets of pain (SoCal, S.F., Boston, D.C.) in the U.S., but I think most likely is a slow period with flat-to-slightly-increasing prices and a shift to a buyer's market in many areas.

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