US Government takes over mortgage giants

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Originally Posted by drew54

Agreed, but if in 5 years your ready to move and there are still 12 houses for sale on your street, that sucks.

Well when I purchased my home in that boom back 4 years ago I knew that it could not last but so long. The home I purchased was a for sale by owner by a doctor who I hope knows more about his practice then selling a home. I purchased the home for around $100,000 less then what the market would bear so I'm in great shape anytime I ned to sell my home.

Also I don't think it has become that bad in most areas that 12 houses are for sale on one street.