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: Lizzie Tudor who wrote (76052)	4/16/2007 11:18:56 PM
From: 10K a day	Read Replies (1) of 306849

>I don't think the subprimes are shorts anymore. < I think the fundamentals are horrible. Who is left to buy? Who is left to qualify if 80K of income will qualify you for 240-270K lier loan. Investors are running scared and they are going to get burned. In California, The median age foreclosure between May 05-June06 was 15 months. The isn't going to suddenly turn. Home prices havn't even dropped yet. This is looking more and more like a massive pyramid scheme. I don't think anyone should bail anybody out...

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