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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (36310)	7/19/2005 3:43:11 PM
From: CalculatedRisk	Read Replies (3) of 110194

ild, I live in the OC and I checked the Register this AM. Check out the Front Page story: ocregister.com (It downloads a PDF with the front page). That 1296 sp ft house (aka "dump") sold for $600K. "Sergio and Monica Anaya and their two children left their rental and bought this three-bedroom Costa Mesa home after signing two loans (including an interest-only mortgage) and taking on two boarders who occupy one of the bedrooms. The sellers, George and Virginia Cummins, moved to a bigger home in the Yosemite area with their five children." ROFLOL.

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