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: Peter V who wrote (149587)	10/21/2008 4:25:08 PM
From: Perspective	Read Replies (2) of 306849

Domino #1 still locked in the down position. I see no way banks with Cali exposure to avoid an absolute shelling. Property values - the asset side of their balance sheets - simply can't be supported now that the games of yesteryear have ended. I really don't think any amount of government intervention can help at this point, short of saying that they'll print brand new dollars to buy preferred shares to keep every bank "well capitalized". Of course, that would literally cost trillions at this point. I'm just waiting for the market to quit hiding in the banks to step up my exposure again. `BC

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