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Phyllis' Real Estate Predictions

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  • You said that you've been in the industry for 20 years? Sorry, but the difference between then and now is that people are losing jobs. Jobs are a key aspect for people to own a house. The sub prime market has completely diminished over the past 2 years and now the prime market is in deep trouble (due to the fact that people are losing their jobs).

    The Japanese have also experienced this problem in the 90's and did the same exact thing the US is doing now.This problem will last years not months.

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