Wednesday, June 15, 2005

Not So Much "Froth" As A Cataract

Think we aren't watching a housing bubble blowing up? On Morning Edition today, Ketzel Levine just did a story on a physician-real estate "strategist" whose main talent seems to be driving up the cost of housing in depressed areas and converting hospitals and schools into condos.

Here's the thing: Levine reports that in the area her subject "strategizes", the housing market has been rising by 3% a month.

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