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20% of outstanding mortages set to default

Value investing conference hosted at Darden Business School of UVA.

Some nice big-picture views of the current economy.  Pay attention to the interesting analysis on housing market – among the 56 million US residential mortgages, it’s estimated that 20% of them, or 11 million, will eventually default. Housing price is set to decline by another 5% at least; if without government support, probably by 10%.