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: SouthFloridaGuy who wrote (98103)	12/21/2007 12:42:26 PM
From: John Vosilla	Read Replies (3) of 306849

'Bear, Morgan - these are the first quarterly losses in the HISTORY of these firms. So by definition history is being made.' Well if the New Yawkers had been reading this board they'd have known how much Florida real estate had crashed and how devestating the losses were going to be for holders of secured paper with their hands in the cookie jar..remember how even you doubted actual drops down here not too long ago thinking it was just isolated? I guess the memo finally got disbursed to the ivory tower in both DC and on Wall Street and incredible percentage drops in most if not all bubble markets is now the future much beyond rosy figures by the NAR pimps

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