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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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When my parents bought their house back in the 1980s I think the mortgage rate was something like 15%. That's where things are going. Couple that with pricing that's about 60% over where it should be, tons of exploding ARMs out there and nobody extending credit and you've got the "perfect storm" of housing crashes.
This is going to get much, much worse my friends. I've been saying this for months.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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