Boom Times - 2003-03-13
One thing that hits me about the competitive landscape in the Chicago area has less to do with the big builders entering town and more to do with the lack of a recession.
Typically, we have a recession every 4 years. The fourth year, through natural selection, those that are weaker and those that can't cope with the market just fall out. That hasn't happened in 12 years, helped by historically low mortgage rates.
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