The hope is that in five years housing downturn will have stabilized.

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Submitted by markzuber on December 5, 2007 - 3:49pm

"The administration plan is designed to deal with the crisis by allowing subprime borrowers who are living in their homes and are current on their payments to avoid a costly reset for five years. The hope is that by that time the housing downturn will have stabilized, clearing out the glut of unsold homes and halting the steep slide in prices that is occurring in many parts of the country."

http://www.msnbc.msn.com/id/22116043/

So the government prediction is that the downturn will continue for about five years?

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If that's so this action
Submitted by yooklid on December 5, 2007 - 4:08pm.

If that's so this action will probably add another 5 years to the downturn.