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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (69999)1/8/2007 12:07:40 AM
From: John VosillaRespond to of 306849
 
'It's the broad middle class that will be in trouble, if nominal prices fall. These are exactly the people that feed the consumer boom that sustains the economy.'

Exactly...Includes the most at risk buying homes with high rate subprime loans at the middle and lower which in many areas start at $300k. Agree with many that the $1m homes are not the story here..