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Strategies & Market Trends : SiliconInvestor All Stars Forum
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To: SouthFloridaGuy who wrote (1521)11/8/2007 11:42:28 AM
From: Jim McMannis of 1718
 
Depends on the area but prolly about 24% or 1% drop a month. And that's not a WAG. Problem is that this could go on for another 2-3 years as there is a big bubble of "option" ARMs resetting in that time period. Subprime ARMs peak in 2008 but that could be pushed back due to extentions etc.
By 2010 Clowngress should start passing laws that prevent speculation on housing. But who has faith in them to do the right thing.
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