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Middle class housing woes

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Uploaded by on Apr 17, 2008

Apr. 17 - Real estate agents in the NYC area hardest hit by foreclosures are preparing for a more challenging market this year as more sellers than buyers prepare for the peak spring selling session.

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  • not a good time to buy, yet.

  • residental mortgage has collapse. commericial mortgage will collapse next.

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  • i grew up in a neighborhood in Queens and was shocked to see many homes in pre-forclosure on real estate websites. the same amount of mortgage im paying for my home in austin TX is just a fraction of the amount for a much smaller, older home in Queens can buy. its just TOO expensive to live there now.

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