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Posted by Jonathan Grobe on August 5, 2008, 11:15 am
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> Say for instance you owe 400,000 dollars on a house now worth 150,000
> dollars on the distressed market...and you are late with a mortgage
> payment as your employer has announced lay offs...and your skill set
> is retail sales clerk etc.
>
Frugal people (especially people whose skill set is retail sales
clerk) don't buy $400,000 plus houses.
--
Jonathan Grobe Books
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