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Adequate Quote by Alan Greenspan

“Even though some down payments are borrowed, it would take…” quote by Alan Greenspan
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“Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.”

Alan Greenspan

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