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Strategies & Market Trends : Waiting for the big Kahuna
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To: Skeet Shipman who wrote (57031)2/27/2002 5:26:07 AM
From: Skeet Shipman   of 94695
 
THE OTHER BUBBLE:
Is the current rate of housing price increases unsustainable? Mortgage delinquencies are rising. In September, 4.87 percent of loans were 30 days or more overdue -- the highest level since 1991. This is exactly what you'd expect in a recession, especially after a long boom when borrowers and lenders became overconfident.
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