before the housing boom here in oz, many houses were valued much less than the actual cost of building them. something that doesnt exist in the market at present. so it wouldnt be too much of a stretch to imagine that they will go back to pre 2003 prices. which is some cases would be a drop of more than 50%....
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- us home prices keep crashing same here soon
us home prices keep crashing same here soon, page-5
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