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"Moreover, Goldman Sachs warns U.S. housing prices could fall 25 per cent from their peak and wipe out $5 trillion of wealth in American households. "

Actually this could be good for me....if my home value drops 25%, that means I can finally drop my PMI insurance since I will have more than 20% equity in the new reduced value. I am in the house for the long haul, so the value will come back up.
 

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not a nut
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"Moreover, Goldman Sachs warns U.S. housing prices could fall 25 per cent from their peak and wipe out $5 trillion of wealth in American households. "

Actually this could be good for me....if my home value drops 25%, that means I can finally drop my PMI insurance since I will have more than 20% equity in the new reduced value. I am in the house for the long haul, so the value will come back up.
That is the most optimistic view I've seen about the housing situation :upsidedown:
 

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Discussion Starter #8
You will notice that the date of this article is back in March.

Yet things are going to be worse than this article has predicted, IMO
 

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Watchin tha world go by
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afraid yer right we havent past thru the eyewall yet. Morgan and Goldman are apparently looking fer buyers and or support. the market drops 3% after bailout
the buzz on tha street is "who is next" and they are all scrambling to make sure they arent. problem is there is not the cash, credit, or confidence to save very many.

http://biz.yahoo.com/rb/080917/gulf_union_imf.html
IMF head: worst of financial crisis may lie ahead

http://biz.yahoo.com/rb/080917/financial.html
Morgan and Goldman plummet, HBOS in talks

http://biz.yahoo.com/rb/080917/hedge_markets.html
Hedge funds batten down the hatches in turbulence
 
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