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I actually accept the vascillations of a market that sometimes produce booms and bursts, so I'm not trying to fear monger anyone. Last time I checked, it was the easy money that led to the last housing bust, which in theory was answering demand, until it vascilated the other way.

My point is that the credit crunch is as much if not more responsible than the regulations in keeping small time developers out since the reg's affect everyone, but the credit crunch is holding back projects. Allthough I hear that's improving, just not fast enough for everyone.

by Thayer-D on Dec 20, 2012 1:02 pm • linkreport

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