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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: valueminded who wrote (80417)6/22/2008 4:08:56 PM
From: koan  Read Replies (2) of 116555
 
I work with the credit markets. Real estate. Trust me they are contracting big time.

Cannot get mortgage insurance unless it is FHA. Most condos in my area not FHA approved.

No insurance 20% down versus 3 to %5 down.

That is a credit contraction.
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