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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From: Think4Yourself	8/31/2008 6:32:32 AM
	Read Replies (1) of 306849

Prime defaults now exceed subprime defaults, and both are growing. As a percentage subprime is much worse, but prime defaults are definitely going up. In the last year subprime defaults are up by about a quarter but prime defaults have nearly doubled. Can't wait to see the August numbers Maybe I'll join in on the frenzied buying of the mortgage insurers...not! :o( If people think there are a lot of foreclosures now, they haven't seen anything yet! What folks are seeing now are mostly the subprimes. Foreclosures are coming to your neighborhood soon, to drive down your home price! seekingalpha.com

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