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But they blindly kept over-bidding -buying and -inflating prices believing 15-20% annual appreciation was the norm.
We now believe that it has to do with our almost innate behavior that we should do as told, especially from authority persons.
Who was not trained with this statement ? ;
REAL ESTATE PRICES NEVER COME DOWN
http://www.experiment-resources.com/stanley-milgram-experiment.html
BUY Real Estate or suffer poverty ! We were TRAINED !

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