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The Economist slings another arrow at the world-wide housing market. Prices aren't rising as fast as they were, it's cheaper to rent, expectations are too high, etc., etc. Frankly, we nearly fell asleep halfway through the piece. But then, from out of the blue, came this: "Prices have already begun to soften in places like London and New York, particularly at the high end." Man, we are always the last to know.
· Will the walls come falling down? [The Economist via Amy Langfield]
· Prices Still Rising? Yes, Oh Yes. [Curbed]
· The Word from on High: Rent! [The Economist]