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Old 01-24-2006, 02:40 PM  
RedShoe
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Join Date: Feb 2001
Location: The Valley
Posts: 14,831
what do you think will happen to the housing market? Could this be a precursor? They lowered the interest rates and then everyone went out and bought houses. they lowered them even more and told everyone to refinance. So they did. They took out 40K...60K.... 80K CASH OUT options. Now they have super high mortgages, and if they worked at a car company... they're fucked.
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