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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (82008)5/22/2007 9:50:40 PM
From: John Vosilla  Read Replies (1) of 110194
 
I don't know if you are familiar with SW Florida. Cape Coral for example has REO's for sale now at $160k that were easily worth $275k at the peak and would have been worth perhaps $135k before this silly bubble even started in 2002-03.. If anyone wants to look for a template as to whether a housing crash causes an outright debt cleansing downturn in local markets this is the place to start with as your guide..
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