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Old 21-01-2008, 21:59   #12
Russ
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Re: Is reccession in America about to start?

Quote:
Originally Posted by Paul View Post
Apart from all the house owners who have recently purchased their property and who will face losing everything they own. Apart from that, the job losses, increased poverty etc .... not all bad obviously.
What about us people who have no chance of getting on the property ladder while the currently house prices are as they are? Isn't it about time we had our turn at property ownership? I sympathise with the people you describe but there are plenty of others who are currently forced to pay over-the-odds in rent would welcome a downward change in housing prices.

You need to look at the bigger picture Paul.
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