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Sweeping One Size Generalities, Statements Don't Fit The Real Estate Market.
     The media has a tendency to report for the nation at large.  Efforts to made sweeping statements that generalize and apply for the entire country distort reality in many areas. There are so many extremes, unique markets within that huge nation.
     With 50 states, broad brush statements that reflect the nation are not accurate and mislead. It boils down to not being like that everywhere and a feeling of disenfranchisement can permeate. In one blog post I read today on Active Rain it's indicated that one out of four homes is worth less than is owed on the four walls.
     Boy, that is not a statement that applies to Northern Maine. Aroostook County did not have the foreclosure rates that happened in say a Detroit Michigan or parts of Florida. The Maine banks were making conservative, quality loans BEFORE the recession that hit other areas. Many homes are paid for. Not mortgaged to the hilt. Not saddled with grotesque, ready to pop at the seams equity lines. Folks are not way over extended. People don't live day to day 20 minutes away from financial ruin. They have untapped equity lines with cobwebs and dust from lack of use. The ... more

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