Thursday, August 10, 2006

Perpetual Motion Machine

This is a blast from the past, but it needs to be immortalized on the Blogosphere.

We've met this dumb bitch before, Motoko Rich. She writes for a "once great" newspaper which goes through the motions of pretending to be intelligent these days.

From a tad over a year ago, we have: Trading Places: Real Estate Instead of Dot-Coms.

In Miami, Ron Shuffield, president of Esslinger-Wooten-Maxwell Realtors, predicted that a limited supply of land coupled with demand from baby boomers and foreigners would prolong the boom indefinitely.

"South Florida," he said, "is working off of a totally new economic model than any of us have ever experienced in the past."


What model is that? The "crash and burn a year later" model?

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