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    Give it up Alexander, once again we see the equivalent to a brickie giving a brain surgeon advice on how to carry out an operation.

    I have already explained what happened to the housing market in that false boom.

    Your lack of understanding of the market is clearly apparent in your post. The price of houses is the 'real market level' at any one point in the cycle even if the price at a particular point was built on a bubble created by incompetent government, a bubble that has now burst incidentally as all bubbles do eventually.

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