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Old April 21st, 2009, 09:14 AM   #41
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Brisk sales of flats surpass expectations
Homebuyers snap up 400 at the Latitude and all 1,068 units at Central Park Towers II

20 April 2009
South China Morning Post

Flats at two residential projects, Sun Hung Kai Properties' the Latitude and Cheung Kong (Holdings)' Central Park Towers II, sold briskly over the weekend, beating expectations.

"The property market has become very hot. Despite the financial crisis, many people are still rich and have lots of money in the bank," said Peter Wong, a senior sales director of Hong Kong Property.

SHKP project director Amy Teo said that from Saturday to 3pm yesterday, about 400 flats at the Latitude in San Po Kong, near the former Kai Tak airport, were sold, fetching more than HK$3 billion.

Sales continued after 3pm yesterday, but details of further deals were not available.

The preview for the Latitude show flat, which began on Saturday and ended at 9pm yesterday, had more than 70,000 visitors, Ms Teo said.

"The response to the Latitude show flat preview has been overwhelming. The sales surpassed our target," said Ms Teo, who did not reveal what the target was.

The price of the Latitude units was HK$7,400 per square foot on average, which qualifies the residential project as high-end, she said.

The flats sold over the weekend ranged in size from two-bedroom units of 663 square feet to four-bedroom ones of 1,332 sqft, she said.

The Latitude development has 1,159 units ranging from one-bedroom flats of 571 sqft to four-bedroom units of 2,032 sqft.

Meanwhile, all 1,068 units at Central Park Towers II were sold out by Saturday, even though the sales period was supposed to last from Friday to yesterday, Midland Realty director Sammy Po said.

Of the buyers, 80 per cent were end-users while the rest bought for investment, Mr Po said.

"We saw many potential buyers," he added.

Before the sales period, about 3,000 prospective buyers had made pre-orders for the residential project at Tin Shui Wai in the New Territories near the mainland border.

More than 1,000 prospective buyers visited the sales office during the sales period.

Mr Po attributed the strong sales to the units' cheap prices and good quality relative to their cost, as well as the attractive facilities, which included a swimming pool, bowling alley, clubhouse and gymnasium.

Cheung Kong stunned the market last week by announcing it planned to sell Central Park Towers II flats for as low as HK$2,066 per square foot, more than 10 per cent below secondary market prices in the area.

To further entice buyers, it offered a 5 per cent discount for those who chose cash payment.

Owners and tenants were offered an additional 3 per cent discount, which further drove down the price to as low as HK$1,903 per square foot.

"Now there are many potential buyers in Hong Kong. If there are cheap property projects, people are willing to buy to live or invest [in thos flats]," Mr Po said.

The willingness to buy properties was spurred by low mortgage rates, which now stood at about 2.5 per cent, making it easy to obtain housing loans, he added.
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Old April 27th, 2009, 06:38 PM   #42
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New projects boost property prices
Hong Kong Standard
Monday, April 27, 2009

Robust sales in new residential projects helped prices in the secondary market rise around 7.9 percent since the beginning of the year, climbing for the fifth straight month, said Ricacorp Properties head of research Patrick Chow Mun-kit.

"The average selling price in 50 major projects in Hong Kong was HK$4,133 per square foot, versus HK$3,830 in December," Chow said.

"There is still room for prices in the secondary market to grow next month but the momentum may stop in June because of seasonal factors and worries about the financial tsunami's second wave."

Sun Hung Kai Properties (0016) said it has reaped about HK$4.5 billion from the sale of 620 units in its San Po Kong residential project The Latitude since April 18. The developer sold 130 units in the past two days alone at an average of HK$7,600 per sq ft. The price was 4.8 percent higher than the average of HK$7,255 psf for the first batch. SHKP began selling 160 flats in Block 6 yesterday after reporting vigorous sales in Blocks 7 and 8.

The Latitude comprises five residential towers with a total of 1,159 flats.


Meanwhile, there were 52 secondary market deals in the 10 biggest residential projects over the weekend, up 33 percent from a week earlier, Midland Realty executive director Andy Ho Ming-pui said.

"Homebuyers were attracted by the strong sales in the primary market, and some turned to the secondary market for long-term investment," said Ho.

Transactions in Kowloon rose the most, as buyers were influenced by new projects in the area, he said.

As of last Thursday, primary home sales tripled to 1,109 units from 349 apartments a month earlier and 5,833 secondary home flats changed hands, a 24.4 percent increase.

Commercial property sales jumped 57.1 percent to 872 deals, Lau said, citing Land Registry figures.
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Old April 29th, 2009, 06:29 PM   #43
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Old April 30th, 2009, 07:38 PM   #44
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Old May 1st, 2009, 07:38 PM   #45
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Old May 2nd, 2009, 10:49 AM   #46
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新蒲崗 譽.港灣 多投資客捧場
2 May 2009
星島日報

新地譽.港灣開售2周,已經累沽逾620個單位,樓盤的7、8座標準單位已接近沽清。該盤炒味甚濃,買家當中投資者佔半數,有「洋參大王」之稱的楊永仁亦掃走32伙。發展商指出,如第6座沽清後將考慮封盤,待明年底入伙再開售。示範單位位於觀塘創紀之城6期,「5.1」長假繼續開放。

投資者佔買家一半

新地代理業務部項目總監張卓秀敏早前表示:「該盤於上周六、日錄成交逾130宗。開售至今,已累售逾620伙,平均呎價約7,600元,最高呎價逾15,000元。該盤有半數買家均為投資者。」其中「洋參大王」楊永仁,亦一擲2億購買32個單位作長綫投資。

發展商暫時仍未推出樓王級的第1A、1B及2B座單位。而推出的2A、6、7、8座中,第7、8座標準戶亦接近沽清。張太指出,如第6座沽清,就會考慮封盤,待物業明年第入伙時再開賣。

發展商考慮封盤

譽.港灣共提供1,159個單位,標準單位面積由571至2,032方呎,提供1至4房。另外,物業也提供多款特色單位,如連平台、相連、複式戶等。物業2010年底入伙,發展商表示,基座大型商場Mikiki,佔地21萬方呎,亦會配合物業入伙期開幕。
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Old May 8th, 2009, 01:15 PM   #47
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Flu hits home sales but brokers see limited impact on stocks
4 May 2009
South China Morning Post

The first swine flu case in Hong Kong badly hit property sales at the weekend but stockbrokers believe it will only have a small impact on the stock market this week.

Louis Tse Ming-kwong, a director of VC Brokerage, said the confirmed case would affect the market performance this week.

"The worst-hit stocks will be the ones related to travel such as hotels and airlines. Overall, I believe the stock market will be flat or may go down slightly this month. The Hang Seng Index is likely to hold at about 15,500 [points]," Mr Tse said.

Louis Wong Wai-kit, a director at Phillip Capital Management, said investors might worry about the swine flu but it was unlikely to lead to a big market slump.

"The swine flu has not yet assumed the scale of Sars and governments around the world including Hong Kong have introduced measures to control it. As a result, the disease is not likely to hit the economy badly," Mr Wong said.

"In fact, the US stock market and oil prices went up last Friday despite the country reporting confirmed cases of the flu. This should help support the Hang Seng Index," he said, predicting it would move in a range between 15,350 and 15,800 points this week.

But Willy Liu Wai-keung, a managing director at Ricacorp Properties, said the swine flu had already brought down secondary home sales by half over the three-day May Day holiday from the previous week while new flats sales declined substantially compared with about 170 units sold a week earlier.

"The swine flu affected home sales in both the primary and secondary markets last weekend. People simply do not want to go to crowded areas following news of the confirmed case in Hong Kong. This has reduced the number of people visiting show flats," Mr Liu said.

"Also, many potential buyers are taking a wait-and-see approach to see if property prices will go down further as a result of the flu."

Mr Liu added that the drop in new home sales could also be linked to the fact that there were no major project launches at the weekend.

Sales during the previous weekend were driven mainly by Sun Hung Kai Properties' Latitude in San Po Kong. It sold 130 units over April 25 and 26. The developer did not update its sales figures yesterday.

Cheung Kong (Holdings) planned to launch the second phase of Celestial Heights in Ma Tau Wai this month. The developer has arranged for 240 groups of potential buyers to visit the project's show flats. About 20 groups came from the mainland.

Sino Land, Chinachem Group and Henderson Land Development have offered gifts and holiday treats to draw homebuyers to their new projects. Property agents said some visitors from the mainland came to check out the show flats as it was the Labour Day weekend.

Centaline Property Agency's research shows about 1,600 units of new projects were sold last month - 91 per cent more than in March and the first time in 10 months that more than 1,000 transactions were recorded. However, the sales value dropped 8.5 per cent to HK$8 billion last month.

Wong Leung-shing, an associate director of research at Centaline, said: "Property sales in April were mainly driven by middle-class projects such as Harbour Place in Hung Hom. Not many luxury residential units have been sold."
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Old May 10th, 2009, 07:32 AM   #48
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新盤3天僅售74伙
2009年5月4日 星期一 05:05

【明報專訊】本港於3天長假期的首天(上周五)晚確診首宗甲型H1N1流感(北美流感,前稱豬流感)後,綜合市場資料,主要新盤過去3天共售出約 74伙,銷情雖較對上一周(只計周末日)的193伙明顯減少,但尚算不俗。不過,原本火速部署推售的半山壹號2期,發展商昨表示樓盤仍需一段時間推售,市場人士稱或多或少是受到北美流感的影響。

二手市場同受影響

長實 助理營業經理何家欣表示,過去3天假期預約參觀半山壹號2期示範單位有300組客,其中80組為內地富豪。

另集團地產投資董事黃思聰表示,參觀客都有入巿意欲,以該樓盤入場費(50樓及以上1500及2000多平方呎單位)2000萬至3000多萬元計,反映入巿資金「好強」;本地買家方面,大部分期望置換3房及4房單位。

黃稱,該樓盤部分低層單位的銀碼有機會低於2000萬元,但入場費未定,由於該樓盤需要一段時間進行推廣,故預期未來兩周內開放另一個示範單位及正式推出首批價單。他表示,預計本港巿區未來新樓豪宅供應量稀少至只約有100伙,現時至今年底巿區新樓豪宅樓價有8%至10%上升空間。

市場消息稱,譽•港灣過去3天售出約32伙,較對上一周的周末日售出約160伙,明顯減少。巿場傳出,昨一名中港商人一次購入該盤的第6座中層6個單位,個別單位最高呎價7000多元。

二手市場亦受影響。中原地產 統計全港十大屋苑過去兩天成交,僅錄得30宗,按周急跌41.2%,十大屋苑除嘉湖山莊 外全線報跌,其中沙田 第一城 僅錄得1宗成交,急跌87.5%。
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Old May 11th, 2009, 11:08 AM   #49
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新盤單日42宗買賣
10 May 2009
星島日報

昨日新盤睇樓量不俗,單日錄得四十二宗成交,泛海香港仔南灣御園推出連串置業優惠吸客後,昨天連錄十二宗交投,並吸引逾百枱睇樓客前往,至於新世界元朗翹翠峰錄約二百組睇樓客,單日錄六宗成交,至於新地新蒲崗譽.港灣,以及華懋九龍城豪門,亦分別錄成交。

南灣御園多外區客

由泛海發展的香港仔南灣御園,美聯營業董事吳家棟表示,該盤昨日暫錄十二宗交投,其中一宗為中層B室,面積約九百六十四方呎,成交價為六百四十萬元,平均呎價約六千六百三十九元,而另一宗交投則為中層D室,面積約七百六十二方呎,成交價為四百九十萬元,每方呎價約六千四百三十元,此外,昨天亦吸引約一百一十枱睇樓客前往,不少為外區住客。

新世界旗下元朗翹翠峰,美聯區域營業董事陳光裕稱,昨日該盤錄六宗交投,當中包括五座中層E室,單位面積一千零七十一方呎,成交價三百三十九萬元,每方呎價約三千一百六十五元;另外一宗交投為一座低層A室,面積為七百五十八方呎,成交價約二百零六萬元,呎售約二千七百一十八元。昨日錄二百組睇樓客,普遍以用家為主。此外,現場所見,睇樓客中以一家大細為主。

譽•港灣高層470萬

新地旗下新蒲崗譽•港灣,消息人士指,昨日錄約五宗成交,當中包括六座中層A室,面積約一千三百三十七方呎,成交價為九百八十七萬元,平均呎價約七千三百八十二元;另一宗為六座高層D室,面積約七百一十三方呎,成交價為四百七十萬元,即每方呎六千五百九十二元。

同系西九龍豐盛居錄兩宗成交,中原區域營業經理歐陽振邦指,成交單位包括低層A室,單位面積六百二十三方呎,以二百八十萬元成交,即每方呎四千四百九十四元;另外高層A室,單位面積約六百七十方呎,成交價約三百二十四萬元,折合每方呎售四千八百三十六元。

海桃灣三宗交投

南豐及市建局發展的西九龍海桃灣,據市場消息指,該盤昨日錄三宗交投,其中一宗為三座中層B室,面積約八百六十四方呎,成交價為六百六十九萬三千元,平均呎價約七千七百四十七元,另一宗交投則為二座中層D室,面積約八百三十八方呎,成交價為五百五十一萬三千元,每方呎價約六千五百七十九元。

華懋旗下九龍城豪門,昨日也錄得一宗成交,利嘉閣區域經理吳焯誠表示,單位為中層D室,面積約一千零五十一方呎,以逾五百九十萬元成交,每方呎約五千六百一十三元。
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Old May 19th, 2009, 03:55 PM   #50
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內地客1500萬 掃譽•港灣3伙
8 May 2009
香港經濟日報

內地資金持續湧入本港樓市,不少內地投資者於各區積極掃貨。市場透露,日前一名內地買家,斥資約1,500萬元購入新蒲崗譽•港灣3伙,為6座高層2房單位,平均呎價約7,000元。

深圳買家 購碧堤自製相連

二手優質物業同樣受內地買家追捧,美聯物業高級營業經理何煒斌表示,一名來自深圳的內地買家,以逾1,400萬元購入深井碧堤半島3伙,包括1個自製相連單位,為6座極高層C、D室,面積2,186平方呎,成交價933萬元,呎價4,268元。

豪宅方面,嘉里(00683)旗下南灣道Belgravia,市場透露,中高層B室以5,200萬元成交,面積2,790萬元,呎價 18,638元。此外,淺水灣聚豪居中層B室,成交價4,480萬元,面積2,680平方呎,呎價16,716元,原業主04年以3,280萬元購入,帳面獲利1,200萬元。
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Old May 19th, 2009, 03:56 PM   #51
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Old May 19th, 2009, 05:51 PM   #52
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Old June 2nd, 2009, 01:35 PM   #53
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Buyers can pick their loans
29 April 2009
South China Morning Post

Homebuyers who do their homework, to ensure they get the best deal, before signing a mortgage agreement face a bewildering range of choices because of the growing complexity of home loan products coming to the market.

With property transactions back on the boil after surging to a three-month high of 8,062 deals last month, competition among lenders for the growing market for home loans is heating up.

Among the array of mortgage plans are the staple choices between fixed and floating-rate loans and also between loans priced off prime lending rates or rates based on the wholesale money market, known as Hong Kong interbank offered rate (Hibor)-linked products.

Frankie Wong, the chief operating officer at financial services provider Pan Asian Mortgage Company (Pamco), said notwithstanding the range of choices now available, traditional prime-based home loans remained the most sought after, since lenders had begun offering loans at increasingly competitive discounts to their prime lending rates.

"Prime-based loans are seen as the most effective way of reducing interest expense for homebuyers," he said.

Last Wednesday, mortgage broker mReferral teamed up with banks to offer a 20-year home loan priced at a fixed rate of 1.8 per cent for the first year, then 2.8 percentage points below prime thereafter. It offers a cash rebate of 0.5 per cent of loan amount.

The plan came a week after Citibank offered floating-rate home loans priced at the prime lending rate minus 3 per cent. With prime lending rates now at 5.25 per cent, that translates into an effective mortgage rate of 2.25 per cent. It offers a cash rebate of 0.8 per cent of loan amount.

Pamco offers a 30-year floating-rate home loan priced at an effective mortgage rate of 2.4 per cent. As a sweetener to the deal, it also offers a cash rebate of 1 per cent of the loan amount, which means it will give a borrower HK$10,000 in cash for taking a HK$1 million loan.

However, Mr Wong said Hibor-linked and fixed-rate products, which locked in rates for a limited early period of a loan, were starting to gain in popularity given lower costs in the early stages of repayment and interest rate certainty.

For lenders, the uncertain market outlook meant that they tended to prefer to offer loans at short-run concession rates rather than to try to compete on pricing over the full tenure of a loan.

To attract customers, many banks would therefore offer "taster rate" products, which meant setting competitive rates for the first several years of a loan but then increasing rates for the remaining years as a way to enhance their net interest margin on the products.

One-month Hibor was quoted at 0.26 per cent this week and three-month Hibor at 0.88 per cent. Since these are rates at which banks can roll over their own borrowings in the wholesale market, they can find it profitable to price home loans at a premium to Hibor.

At present, some lenders are offering mortgages at just 0.8 percentage point above one and three-month Hibor, depending on the loan tenure, for the first few years of the loan, capped thereafter at prime minus 2.25 percentage points. That means a lender can raise such a Hibor-priced loan at just 1.06 per cent, against a prime-based floating rate loan currently priced at 2.4 per cent.

But there would be a sting in the tail if Hibor jumped sharply, Mr Wong warned, as it did during the Asian financial crisis in 1997, when rates rose about 3 percentage points in a very short period to protect the stability of the Hong Kong dollar, which was under attack from speculators.

"So it could be a bit scary taking such a loan," he said, although the chances of a repeat of that experience were slim.

HSBC offers a fixed-rate home loan priced at between 2.18 per cent for one year and 2.68 per cent for three years and a floating rate of 1.75 percentage points below the prime rate thereafter.

In the primary residential market, Sun Hung Kai Properties has made an aggressive push to promote the pre-sale of its uncompleted project, the Latitude, in San Po Kong by teaming up with Standard Chartered to offer loans at Hibor for the first three years.

That will mean the bank is lending the money at its own cost of funds for the introductory period. The rate will then float at 0.7 percentage point above Hibor thereafter, capped at prime minus 1.65 percentage points.

The loan also provides the opportunity for early repayment with no interest penalty.

Buoyed by the competitive loan offer, SHKP sold more than 400 units in the development at the weekend, at an average price of HK$7,400 per square foot.

Hendrick Leung Lee-chung, a director and general manager of Centaline Finance, said a variety of financing was on offer from developers. "This is because they will recover the mortgage subsidies being granted to buyers if their whole projects manage to achieve higher average selling prices."

Mr Lee said the key ingredients of a mortgage package that borrowers should take into account were the interest rate charged; the amount of any cash rebate, which could vary from 0.6 per cent to 1 per cent of the loan amount; and charges or penalties for early termination, which could range from 1 to 3 per cent of the amount of the loan.

"Banks will draw up different packages from restructuring the three elements. It is hard to say which one is the best, as different customers have different demands," he added.
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Old June 6th, 2009, 11:12 AM   #54
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YOHO MIDTOWN 有望下半年推售
6 June 2009
香港經濟日報

新地代理項目總監(銷售)張卓秀敏表示,旗下元朗YOHO Town新一期項目訂名為YOHO MIDTOWN,將於短期內申請預售樓花同意書,有望下半年推出,示範單位將設於新元朗中心。她又謂,集團未有意向價,但將參考同系YOHO Town造價。據悉,YOHO Town 5月份錄約35宗成交,平均呎價約$3,300。

該項目參考日本Tokyo Midtown設計精髓而建,由8座共1,890伙組成,標準單位1房至4房兼備,面積介乎約400至1,400平方呎,當中約五成為2房單位,料可於明年年中落成;另物業連接新界西最大、面積達100萬呎大型購物中心。

另邊廂,集團同系的元朗原築,目前尚餘50多伙貨尾待售,呎價介乎$3,800至$4,200,頂層約2,000多呎的複式單位,將留待9月現樓入伙時,以洽購形式推售。而新蒲崗譽•港灣已累售約700伙,套現約$52億。
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Old June 11th, 2009, 11:15 AM   #55
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By bextra from skyscrapers.cn :

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Old June 14th, 2009, 08:00 PM   #56
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By 鄧麗欣之戀 from skyscrapers.cn :

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Old June 22nd, 2009, 06:52 PM   #57
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Recovery on as flat sales surge 42pc
3 June 2009
The Standard Excerpt

Hong Kong's real estate market is showing signs of recovery as home sales in May reached a 15-month high and analysts forecast an up to 20 percent increase in residential prices this year.

Residential transactions last month increased 42.3 percent year- on-year to 11,788, according to the Land Registry.

Home transactions in May touched an 11-month high, rising 49.9 percent on a year ago to hit HK$39.4 billion.

The increases were a consequence of the stock market surge, inflows of hot money and a low interest rate environment, Centaline Property Agency said.

Central Park Towers II, the Tin Shui Wai project developed by Cheung Kong (Holdings) (0001), saw 1,039 registrations in May valued at HK$1.85 billion, according to Centaline.

San Po Kong's The Latitude, built by Sun Hung Kai Properties (0016), saw 679 registrations, at HK$4.87 billion.

Due to a delay in registering transactions, Land Registry statistics reflect the situation in the previous month.

Midland Realty estimates that home transactions in June will reach 12,000, with 2,000 of those in the primary market.
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Old June 23rd, 2009, 04:22 AM   #58
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Madness.

Was reading about this earlier - what the hell is causing this increase in residential prices?

People are losing jobs, not earning much, yet commodities and residential prices continue to rise.
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Old June 23rd, 2009, 07:25 AM   #59
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Quote:
Originally Posted by _00_deathscar View Post
Madness.

Was reading about this earlier - what the hell is causing this increase in residential prices?

People are losing jobs, not earning much, yet commodities and residential prices continue to rise.
Exactly ... yet the real estate and stock markets are rising ...
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Old June 25th, 2009, 09:42 AM   #60
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