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The Housing Bubble Gets Ready To Burst: Homeowner Tips To Survive The Real Estate Burst
The question regarding soft or hard landings with respect to our nations housing "bubble" is about to get answered, with a touch down that will evolve into a very hard landing. This hard landing may put at risk the entire economy. The two largest culprits are homebuilders/mortgage firms that forced real estate appraisers to come up with inflated valuations and the second culprit are teaser rate, adjustable rate mortgage products that are now starting to adjust beyond many homeowners ability to make the payment. The victims are or will be our nation's homeowners, our nation's pension funds and ultimately the U.S. Taxpayer in a Katrina type bail out. (PRWEB Sep 6, 2006) Trackback URL: http://prweb.com/pingpr.php/RmFsdS1aZXRhLUZhbHUtVGhpci1JbnNlLVplcm8=