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To: TheStockFairy who wrote (90353)	4/5/2001 10:57:51 AM
From: marginmike	Respond to of 436258

On the way to work Corcoran pres was on saying that the Real Estate market in NYC is just spectacular, and there two buyers with gobs of money waiting for every one lost. Meanwhille I am looking for 3BR rental and rents aare down 20%. These people are trying to talk the market up, and the Clowns will fall for it.

To: TheStockFairy who wrote (90353)	4/5/2001 11:23:37 AM
From: J. P.	Read Replies (3) \| Respond to of 436258

On the real estate front...seems billy bob sixpak feeling the effects of this downturn... An article on TSC, quick summary: Canseco took a big gamble on securitizing mobile home loans, something like 26 billion out of 46 billion in total debt issued by them, and that bet seems to be going south on loan defaults... Conseco Loan Numbers Undercut Turnaround Talk New loans are going bad faster than those made under the discredited ex-management. thestreet.com