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When thr other shoe falls
I recently read there is over a trillion dollars of securitirized low grade mortgages outstanding and three-quarters of a trillion dollars whose adjustable rates are slated to rise over the next year.  This means the other shoe hasn't fallen yet.  I believe until this is worked out of the system the nausea in the housing industry will persist.  This will take longer than I first thought.  This will take two to three years more of pain.  Those of us who hang in there should be rewarded over time. ... more

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