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My sources on this are suspect, hence asking the question. I could go research it all, but ultimately I'm playing my own game and a drop in the value of my properties is extremely unlikely to trigger a sell action anyway.

So statistically, just how bad is the next wave? I thought the existing ARMs and sub-primes were working their way through the system now, and we had actually hit the peak already. Given that Australia has fewer sub-primes now than last time, and we're already cooling going into it, will it...