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Old 09-07-2007, 07:36 AM   #39
OracleOfCalgary
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Join Date: May 2007
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Look, things are good in Alberta, and if it weren't for the speculative bubble, I would have expected a long and gradual increase in prices over the long term. The RE bubble, however, has ruined all that and I think may damage the larger economy as a whole. $70 oil and $180 billion projects have become a rationalization for the high prices rather than the actual reason.

30 day trailing average price is down another $2K since yesterday. Median is down $1K.
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