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Loan Modification

: Mortgage Lender Implode-o-Meter

US Housing: The Story of 2011

By Implode-Explode Heavy Industries

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"Many people claim Stoneleigh and I must be crazy, and doomers and all that, for predicting an 80%+ drop in real estate values, but we in turn can't seem to understand why home prices would fall "only" 20% from here, or why they would fall "just" 40%, as Mish suggested for instance. We think that more than 20% is in the cards just because of the bubble coming back to earth; we think 40% is certain because of the bubble bursting, and we think 80%+ will then happen because the bursting bubble will take the entire financial system down with it. Pretty simple really."

Full post as published by Mortgage Lender Implode-o-Meter on January 02, 2011 (boomark / email).

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