The real estate website Zillow likes to delve into the psyche of the American homeowner, and has periodically been surprised at what it finds. While there is objective evidence that nationwide homeprices have been declining for the past 10 quarters, or 2.5 years, there's been the "Not my house" syndrome. Zillow recently reported that home values lost $3.3 Trillion in 2008. And now, for the
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