More on the Sunny Side of the Housing Market Bust

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The homeowners’ association for my townhouse in South Florida took bids on painting the exterior of the buildings last summer, the lowest of which was $97,000.  After reading a February article in the Washington Post about the depression in the home building industry  the president of the HOA solicited a new round of bids.  The painting job was completed in April — for $37,000.

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