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


To: pstuartb who wrote (242415)3/27/2010 4:23:26 PM
From: Skeeter BugRespond to of 306849
 
that could be true - but if he didn't over paid for his land due to an artificial bubble, perhaps he could've made his payments.

i don't know the details of the market into which he purchased, so i can't comment on this specific case.

you are definitely right in principle - the system makes default easier, but some folks would still default even under the fairest monetary system.