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September 27, 2007 at 3:20 PM #86154
cr
Participant

There is a big difference between not wanting to sell at a loss, and being forced to sell at whatever you can get.

I believe we will see more of the latter as ARM’s continue to adjust for 3-4 more years, and people sell at market value or face foreclosure. With prices declining there will be little choice for those that once thought their house would make them rich.