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[QUOTE]Originally posted by SmokeyBurnout: [QB] Yes, there is another wave of loan resets that most people don't know about. Some say the next crash will be worse because the dollar amount in question is larger. Sub-prime was the first crash and the Option-Arm and Alt-A will be next. You know all the interest only, pick a pay, 1% B.S. garbage loans, that is Alt-A and Op-Arm. The next wave of loan resets really picks up in early next year, that is when prices will drop again, IMO. With everything else in our economy, job loses, looming stock market and Financial crash, government printing money out of thin air, nObama spending like crazy, bankrupt cities, states and fed, more new taxes, oh and we are at war as well, I could go on but you get the idea. Things don't look good. LMAO! :D Here is a chart showing the loans that are about to reset and the dollar amounts. To me it pretty much shows how fucked we are. Bottom line is either way prices are not going up for at least 5-10 years but it looks like there could be a crash looming so do what you must. Good luck! :D [IMG]http://i264.photobucket.com/albums/ii161/jjaj2022/IMFresets.jpg[/IMG] [/QB][/QUOTE]
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