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Re: the builders. I really wonder why in the world anyone would believe there would be a credible business in making buildings just months after the peak of a real estate bubble where you happen to have more houses, malls, shopping centers and apartments than anyone will ever need - at any price, for at least 3 to 5 years.

Anyone who does start building now is a fool, plain and simple. There is the exception of those developers who have been obligated to build at the top of the bubble and feel that a finished product would be worth more than litigation plus the raw, undeveloped land.

This is why it is unwise to blindly follow economists and analysts who simply spout the academic creed.