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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: orkrious who wrote (21929)1/21/2005 1:24:41 PM
From: John Vosilla  Read Replies (1) of 116555
 
<it wouldn't surprise me if 40% of the people over age 60 owned their homes free and clear, but 40% of the total?>

That would make more sense. I bet it varies dramatically in different regions and even property types within those regions. Probably the biggest bust will tend to be in highly overvalued bubble markets with a ton of new construction and a younger first time home buyer with little equity.
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