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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (23297)8/17/2004 1:43:59 PM
From: AhdaRead Replies (2) of 306849
 
The major difference is that here we will walk away from property that has depreciated below the purchase price. In Japan there was sense of honour that prevailed where debt is something you do not walk away from.
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