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One of our Porsche-driving friends is a Big Sneeze in the mortgage industry, and he's predicting a bloodbath, having seen way too many people going for those interest-only or'negative amortization' loans and committing to up to 45% of their incomes to mortgage payments.
However, there is no simultaneous 'big bang' happening in So Cal.
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techweenie | techweenie.com
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