"A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years."

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Rejoice, and men will seek you; Grieve, and they turn and go, They want full measure of all your pleasure, But they do not need your woe. Be glad, and your friends are many; Be sad, and you lose them all,-- There are none to decline your nectar'd wine, But alone you must drink life's gall.

— Ella Wheeler Wilcox