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Most arms were 5 years, considering the big buying spree didnt happen until 03/04 we havent even started the resets yet. |
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Great point Darth.
This is just the start. It really is going to be interesting to see what happens - either the gov't steps in as many are begging them to do (not sure how though) or we see A LOT of foreclosures.
From a possible money making opportunity though... those with cash and good credit will be king here. Looks like there could be a possible housing upgrade in the brownsfan019 household possibly...
