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Originally Posted by mark
I'm still trying to figure out house prices and what going to happen to the people who have 30yr mortgages on $640K, 1700sqft when it all comes crashing down.
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It happened in vancouver before. People had paid off $100,000 of their $1,000,000 mortgage and the values crashed and their houses were only worth $700,000. There were a lot of people who just walked away.