tag:blogger.com,1999:blog-5975869446501122263.post9067848216883460996..comments2008-08-14T12:23:41.756-05:00market follyhttp://www.blogger.com/profile/07691612544809256786marketfolly@gmail.comBlogger1125tag:blogger.com,1999:blog-5975869446501122263.post-48751788522850704202008-08-14T12:23:00.000-05:002008-08-14T12:23:00.000-05:00Most will default and "walk away" even before then. See I'm giving you a silver lining. When you buy asset for X and asset value is X-20% in 3 years, even the sheep will figure out its stupid to stick around. Especially with so many getting into homes for 0 to 3% (max) down. Most at 0% in 2005/2006.<BR/><BR/>So they lose nothing really and its a rational decision to leave. Take the 1x hit on credit and circle back for that new home in 2014.<BR/><BR/>So I think this will be more concise than the chart shows since many of those getting maxxed in 2011 will be long gone.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.com