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Reply #8: I think most people would say the probability is much lower.
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The Jacobin
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Tue May-09-06 11:41 PM
Response to Reply #6 |
8. I think most people would say the probability is much lower. |
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Someone has a quote that said in this context: "Housing inflation is the American national religion."
The short-term history is that real-estate value goes up. Even over 50 years. I expect that the probability of being "upside down" is fairly low in most cases.
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