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Nov 14 13:27 pm
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All Comments by Gilbert A... »Number of U.S. Homes With Negative Equity Is Stunning [View article]
This situation could become very scary.
I think we will see more and more large scale fires like california. It was quite common in the Bronx in the seventies to set building in fire to collect insurances.
My grand parents told me about a house they bought in 1930 for about 250 $ for unpaid taxes, It was built in 1928....and costed 28 000 $.
Where are we going ?
Strong inflation could be only way to get out this mess. But anyway it goes it will be painfull.
Gilbert .: