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...The same happened across Texas: pre-bubble a house in Texas cost about 80 per cent of the median house elsewhere in the US. By 2006 it was down to 60 per cent....
...In America, the average age of trade-ins soared to 75 months at the end of last year, from 62 months in the final quarter of 2006....
...In the 10 years from the end of 1996 to the end of 2006, house prices on the Pacific coast of the US tripled....
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