The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: aryana who wrote (71073)	10/6/2006 2:03:35 AM
From: John Vosilla	Read Replies (1) of 110194

Folks getting killed as they see their RE property taxes, insurance skyrocket adn ARM's reset. The sticker shock on 2006 bills and PITI is the story for most folks not the drop in prices so far. The drop in prices is most relevant to all the flippers and speculators. Now if/when we get that 30-50% price drop it will impact homeowners directly no doubt.. The drop in activity is most relevant to all the middlemen and tradesmen in the industry much more so than any price drop. Mish didn't even know what an REO was early this year. Now he is an expert along with all the media pimps and doom and gloomers on the internet and the boob tube. Amazing..

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