The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (52139)	4/17/2006 10:13:20 AM
From: shades	Read Replies (1) of 306849

Vosilla the original article said reserves were less than 1% - did they even get that low in the great depression? Who in thier right mind would spread themselves so thin and have no cushion? That sounds like my sister who has to rob peter to pay me and everyone else she is in hock toO! The following disclosure is not computed in accordance with generally accepted accounting principles ("GAAP") based on information collected from various regulatory and industry sources, that condominiums will be worth 60% to 80% of cost (not appraised value). HAHA! BWAHAHA! You make me laugh Vosilla! That was hilarious!

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