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Real Estate
Reply to "What I don't get: When people complain that they are drowning because their house is underwater"
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[quote=Anonymous]Lots of people don't anticipate having to move, but then an illness, death, divorce, military or other job transfer or job loss happens. And the banks WERE pushing exotic mortgages even to people whose credit qualified them for traditional, conservative fixed-rate products. So there a lot of people who bought in 2006 who have a balloon coming due, or whose payments are going to spike.[/quote]
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