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

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To: orkrious who wrote (54198)	2/18/2006 3:52:12 PM
From: ild	Read Replies (2) of 110194

<<<As people's ARMs reset they are going to be dialing 1-800-GET-ME-OUT.>>> Why can't they be refied into Option ARMs? From accumulated equity mortgage brokers will give them a cash out gift in addition to taking $10K in fees. <<<Detroit>>> When did Detroit matter? Inventory is still low in California. Just about 2 months of sales. We still have multiple bids in Orange County. Inventory needs to double by May in order for the prices to start going lower. Affordability is very low but I see everyone using use Option ARMs unless they are outlawed. Your subprime and builders went down because of some margin compression, not because of RE bust. EDIT: How many months of inventory in Detroit?

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