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: Bank Holding Company who wrote (251119)	6/1/2010 10:46:01 AM
From: MulhollandDrive	Read Replies (1) of 306849

yes, here's your 'recovery' so lets see, 650,000 households not paying mortgages for 18 months, (i think that number is probably low, but we'll go with it for now) multiplied times $1500 (reasonable number for average mortgage).... nets you nearly one trillion disposable "income" per month indeed, we are truly blessed, while blankfiend continues doing god's work Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino. "Instead of the house dragging us down, it's become a life raft," said Mr. Pemberton, who stopped paying the mortgage on their house here last summer. "It's really been a blessing."

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