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State of Denial

By The Daily Dish

May 24 2009, 2:35 AM ET

by Richard Florida

Real estate got just about everyone into trouble in Phoenix, and the thinking seems to be that real estate is going to get everyone out.

A real estate "frenzy" is apparently developing there, the NYT reports, as bottom feeders gobble up mass foreclosures.

It`s not just Phoenix I fear, it's our national mind-set writ large.



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