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Politics : Politics for Pros- moderated

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To: Nadine Carroll who wrote (232373)	12/23/2007 5:47:03 AM
From: JDN	Read Replies (2) of 794315

Well, here is why I am concerned about the economy. My wife and I contracted for a new home 9 months ago when things didnt seem so bad, at least locally, in the real estate market. I own two properties in Fla. and felt I would have no trouble selling AT LEAST ONE in 8 months. Didnt happen. So, now I have to take out a mortgage to close on our NEW home and have cut back to only the absolute essentials for reasonable living in new furnishings for our new home until such time as I sell something. I believe that financially, I am better off then the average American, our banker says our credit rating is in the top 1% of the nation and thus I had no trouble securing this mortgage. While I am just one household, multiply that by the innumberable households in America that wish to move but are locked into their present residence until they can sell it and you can see how this sure can effect the economy and the effect can cascade throughout all goods and services. jdn

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