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The same story ran when oil crossed $30 per barrel in 2003 and dozens of times since. I just don’t remember morning television being so blatantly sympathetic to consumers…
we do not have it that bad if the media would leave us alone. It is not like no one in America is buying houses the media is simply trying to scare them in to not buying. As long as oil remains high the cost of building will remain high. I do not understand how house values can fall much more. Maybe the public is beginning to see this.