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the longer the period the homes have negative equity, the bigger the problem will become. i thought the average number of years a person lives in a house was 7 (i could not confirm this via google). if you need to move to get a better job, or need a bigger or smaller house - you will just walk away.
Aug 20 02:55 am
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All Comments by Steven Hansen »Today's Negative-Equity Update [View article]