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General Real Estate Investing

The crisis spreads...

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Subprime trap ensnares big spenders in the United States

In the collective imagination the victims of America’s escalating subprime mortgage crisis are low-wage earners struggling to buy their first home. But as the fallout from the collapse of the riskiest segment of the mortgage market spreads, wealthier investors who overstretched are also being sucked into the foreclosure hole.

Regards,
Magellan

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