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Czech real estate up - unlikely to fall

AlfredSokol said: "Now here's a confident man. [url=http://www.forbes.com/afxnewslimited/feeds/afx/2007/09/12/afx4108142.html]Czech real estate up[/url] [quote] Real estate prices in the Czech Republic have risen considerably but a sharp drop in prices is unlikely now, said the Czech central bank's deputy governor Ludek Niedermayer. 'Some indicators... show that prices (of properties) have indeed jumped forward significantly. But I wouldn't dare say that, with the economic and demographic development as we see it now, we're facing a price drop,' Niedermayer told daily Hospodarske Noviny in an interview[/quote] He seems to be ignoring the age old adage: what goes up must come down."

FirefighterB said: "Many people are quite adept at forgetting things like that"

lil dickie said: "Irrational exuberance all over again."