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Originally Posted by Greg B
ABC News just ran a story on homeowners due to lose out big.
As the interest rate discounts run out and their rates go up about a million will lose their homes and 700,000 will lose from foreclosure over the next few years.
Gadzooks. It's like being a homeowner is some scary shit.
Didn't Lensman predict this would happen not too long ago?
It doesn't look like a real estate bust by a long shot but more of a people who bit off more than they could chew and made the mistake of 'hoping' something good would happen from out of the blue.
How bad is it really?
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I predicted this about 3 years ago and I am right on target. I don't think it will be as bad as they are saying it will be but it will be bad.
There is so much inventory out there right now, it's crazy.
But as long as you can ride out the wave, you are still ahead of yourself.