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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: SouthFloridaGuy who wrote (5270)9/12/2002 8:28:41 PM
From: MulhollandDriveRead Replies (1) of 306849
 
>>The fact that in 1999 default rates were so high, and that in 2002 they are even higher, in the midst of a bull market in housing, should really scare people.

I can't even imagine what will happen when the macroeconomy hits 1991 levels of unemployment
<<

exactly, considering the favorable RE lending and RE valuations, default rates should be at an all time low.
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