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  #13 (permalink)  
Old 04-02-2009, 03:44 PM
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Dear Observer, I think you are wrong about property being less prone to speculation. There are many speculators and specuvestors or whatever you call them. And many of them buy on MARGIN (think DPS). Unlike contra traders in shares, these speculators take a longer time to unwind their failed investments. Anyway, let's agree to disagree. Time will tell whether the property market will crash like it crashed in the late nineties.

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