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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: kailuabruddah who wrote (28345)3/11/2005 11:08:47 AM
From: John Vosilla  Read Replies (2) of 110194
 
WCI is indeed a leveraged play on 2nd homes in Florida:

The new age pimps in control now say Florida is immune to any slowdown now. I guess they don't realize there were three crashes since 1973. And yes we had population explosions with refugees from the great white north and third world countries to the south the whole time. Meanwhile most of those high end condos completed lately sit empty even during the height of the winter season.
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