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Politics : Sioux Nation
DJT 11.46+5.1%Feb 6 9:30 AM EST
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To: stockman_scott who wrote (106319)5/10/2007 10:21:52 PM
From: geode00  Read Replies (1) of 362856
 
During the last run up and bust, I remember LA housing prices falling by 40%. Last go around though 300% of income was about what lenders were willing to fork over for housing. This go around I heard 750% of income. After all, these people were going to just pay the interest on an adjustable and then flip their house....

Jeepers.
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