Wednesday, May 03, 2006

Going, Going, Up!

I remember a time when housing prices rose rapidly in our community. How rapidly? Let me tell you a little story. A couple we knew divorced. The house had to be sold, and the ex-wife, a real estate agent, placed it on the market at what we thought was an aggressively high price.
After a few months the house had not sold. She raised the price. In fact she raised it several times before selling it after nine months.
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