If so, how would that impact those who have bought real estate for speculative purposes? What about those sectors of the economy that serve new housing construction? The prospect of falling house prices in coastal California seems like a fantasy from never-never land, but isn't it almost as unrealistic to assume that new house construction would be the engine driving the larger economy? SR
> Steven L. Robinson wrote:
>
> >The Housing Market's Last Gasp
>
> It could just go flat, like the UK and Australia.
>
> Doug
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