Big Mortgage, Little Equity

When the housing market does settle down, and I do mean when, it may not be a big pop like some expect it to be. How much the market will fizzle has to do with your location. Economist predict that in metropolitan areas where jobs are available, the backlash may not be so bad. The same applies to desirable location, near beaches and sea-sides. This article makes some interesting points, and has viewpoint from the optimists and the pessimists.

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