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24 May 2009 02:35 pm
State of Denial
by Richard Florida
Real estate got just about everyone into trouble in Phoenix, and the
thinking seems to be that real estate is going to get everyone out.
A real estate "frenzy" is apparently developing there, the NYT reports, as bottom feeders gobble up mass foreclosures.
It`s not just Phoenix I fear, it's our national mind-set writ large.
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