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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (39884)	11/2/2010 9:13:44 AM
From: Madharry	Respond to of 78778

article in wall street journal from yesterday talks about the effective stimulus of people who have defaulted on their mortgages and are living rent free or even renting out their homes where they wait out the foreclosure process. To me that doesnt auger well for 2011-2012 eventually these homes will be foreclosed upon, the unemployment benefits will have run out, the free rent is over, and the cupboard will be bare. I guess I can judge the state of my local economy by perusing the clearance racks at the outlet stores. So far not much out there.