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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Box-By-The-Riviera™ who wrote (93917)11/6/2007 9:50:30 AM
From: patron_anejo_por_favorRead Replies (3) of 306849
 
Let's keep the discourse civil, there's no need to get personal on this. And thanks for the chart (which is 6 months old now). Subprime of course was the problem back then. Going forward it will be Alt-A, option ARM's and even prime as foreclosures wind there way through the system. It's not an instantaneous process, mortgages reset, the homeowners make a stab at trying to keep up, deplete savings, take 2nd jobs. Eventually they default and months later foreclose. Then months still later the house gets sold as an REO. We're still 18 months from a housing bottom price wise (and later if there's a recession). All IMHO.
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