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prices are really going to bottom out as over $2 trillion.. that's with a "T" are about to reset their ARMs (Adjustable Rate Mortgages). you are about to see home foreclosures left and right... and that too will help to decrease home values. looks like i'll be getting that larger house that i wanted sooner than i had hoped!
oh.. and in South Florida, property values have already fallen at least 15% in some areas and as much as 20% in others. and that once white hot condo market?.... well... it's gone kaplooie!
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