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U.S. long way from true housing recovery: Home Depot CEO

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  • Stan Brody | | 16 Oct 2012, 06:18 AM Agree 0
    Two years away... Mr. Blake is being far too optimistic... assuming that the "experts" are correct and there are only 11.8mm underwater homes... really closer to 22mm... and William Dudley of the FOMC is correct that the average amount of negative equity is only $65,000 per home... AND using the HUD actuarial of 4% for appreciation... well then, in President Clinton's words... you do the math... try on no sooner than 2022 for size..
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