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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Bill F. who wrote (195547)10/5/2002 11:45:18 AM
From: marginmike  Read Replies (2) of 436258
 
unless its a hedge I dont get the ANLY position. If the debt bubble implodes all ships will be sunk, no? I was short FNM from last year, and I think housing, and banks(up until recently) have been the areas to short because of the continual denial of the demise in those areas. I have noticed the dramatic increase in new listings on NYC RE cites the last 3-4 weeks, and the rental market is collapsing. I am being offered APT's that were 8-10K last year for 6-7 now. I dont know about the lower end, but the 3-4br market is a disaster.
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