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REAL ESTATE BUBBLE : WHERE WILL IT STOP?

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REAL ESTATE BUBBLE : WHERE WILL IT STOP?


[+] ballot by LCD
ACTIVE Thu Jul 26, 07 - Fri Jul 25, 08

dow's off 400 points.
I guess I lived long enough to see the repeat of the early 80's.

I wonder if Donald's whimpering a little in his penthouse suite.

when house values fall 50%
when 50% of houses are in foreclosure
when they drop lending rates to 0%, a la 90's japan.
when all the greedy landlords declare bankruptcy and get out of the market.
SORRY, THIS POLL
IS NOW CLOSED.

Ballot #116448 :
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COMMENTS:
when interest rates go up, people will not be able to make their payments, a friend of mine bought a bungalo in a crappy part of town last month for 400k (US 380k) his mortgage payment are 2400/ month, even an interest rate increase of 2% will bury him, last month alone houses went up 10%
by ABC on Thu Jul 26, 07 5:32pm [+]

Voted : when 50% of houses are in foreclosure
Mercenary bastiches.
by Truthseeker013 on Thu Jul 26, 07 6:24pm [+]

Voted : when 50% of houses are in foreclosure
I couldn't believe how many people were buying those new houses for from 350,000 to 600,000 and really did'nt seem to grasp just how much they would be paying back, and how anybody seemed to be able to qualify for one even with no money down or a second loan for money to put down...I'm talking about people who were/are making 30,000 to 60,000 dollars a year (maybe times two if married) it seemed to be bankruptcies waiting to happen...In Maryland, there seemed to be building "upscale housing" going on in virtually every patch of land available, including buying out farmers and such...
by thesoothsayer on Fri Jul 27, 07 12:11am [+]

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