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Loan Modification

: Mortgage Lender Implode-o-Meter

The Hard Truth About Residential Real Estate

By Implode-Explode Heavy Industries

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" There are 80 million baby boomers retiring at the rate of 10,000 a day. Assuming that they downsize over time from an average 2,500 sq ft. home to a 1,000 sq. ft. condo, and eventually to a 100 sq. ft. assisted living facility, the total shrinkage in demand is 4.3 billion sq.ft. per year, or 1.7 million average sized homes. That amounts to a shrinkage of aggregate demand for a city the size of San Francisco, every year. "

Full post as published by Mortgage Lender Implode-o-Meter on May 28, 2010 (boomark / email).

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