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Originally Posted by Danzig
hmm...countrywide won't be doing loans over 400-some thousand dollars. are those the ones who default the most? the high dollar mcmansion buyers?? some people no doubt are 'house poor'--get ambitious, buy a huge house--and then can't even afford to furnish it.
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This is completely a guess, but with the economy I have to think these are the harder homes to sell. Rental units will always do well, but I think a lot of buyers feel uneasy buying a home that high when they listen to the news...plus many of them have to sell before they can buy.