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Housing Bubble Bursting
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01-24-2006, 01:24 AM
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benderkoz
Join Date
Oct 2005
Posts
515
Senior Member
FYI,
According to 'The Wall Street Journal', 43% of those buying houses the past few years have put down 2% or less!
With interest rates heading up, and housing prices going the opposite way, there is a real chance that many newer owners will owe more on their houses than they are worth.
And you know there is a peoblem when even that rag starts voicing concerns......................
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