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depression definition

A Realtor’s Take on Recessions & Booms

“So, How’s the Market?” “A recession is when your neighbor loses their job. A Depression is when you lose yours.” –uttered by Presidents Truman and Reagan (and many others) Little remarked — but equally true — is the converse: a “bounce,” at least in the real estate business, is when you are busy; a “boom”...
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