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December 12, 2005
Expectations
Falling housing prices may catch many consumers by surprise.
I watched George Will pathetically spin on This Weak how great this economy is, because housing prices have skyrocketed. But what does he carefully avoid mentioning? That a huge chunk of that appreciation is going directly into consumer debt. So we have a country of homeowners literally betting the farm that they can win the race between bills coming due and the housing market falling.
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Posted on December 12, 2005 03:39 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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