You go back to the 1970s, you go back to 2001, housing basically held steady, or even in some cases appreciated, while the market was crashing.

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Mr. LESLIE GELB (Council on Foreign Relations): I think it will get the press in all these countries jumpy, but I think basically the governments involved will hold steady.

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Exactly on September 1, 2010, when it rose nice and steadily with a little hiccup in November, but basically went all the way through February of 2011 with a nice steady rise.

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