Quote:
Originally Posted by Crawford
What does that mean? What are "high" prices? There is no such thing. No one has any idea whether prices are "too high" or "too low" because they cannot predict the future. If you could do this with any accuracy you would be the wealthiest person on earth.
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Of course you can tell that. 5 million people live in the Detroit area, producing a US$ 240 billion GDP. How much their housing stock worth? How is it comparable to a similar sized area?