People have not fully grasped the changes that will result from the deflation of The Great Housing Bubble. There are many historic parallels with the closest being The Great Depression. When the stock market bubble of the 1920s began to deflate in late 1929, few thought the boom times of the decade were over, and even fewer saw the disaster coming of The Great Depression. The 2008/2009 recession will not likely reach the severity of The Great Depression, but it will signal the end to the lifestyle to which so many have become accustomed.

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