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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (5248)	9/12/2002 11:25:28 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

>>IMO the first two should have prevented the latter to happen. Since they didn't that means there are big problems brewing under the surface<< you got the second part right, but the first two "strong appreciation and VERY accommodative lenders" should be considered contributing factors, not ameliorative. part of the problem is servicing the debt load. (obvious in the case of foreclosure) very accommodative lenders add to that problem.

To: ild who wrote (5248)	9/12/2002 12:06:14 PM
From: John Chen	Read Replies (1) \| Respond to of 306849

ild,re:"confused". Sorry for those who really suffered. Could some of these are: 'take the money and run'. Say, you 'run up' re-fi xxxK+', the Bankers got the fees, the middleman got their fees and you get the money and say : thank you, here's the key. Everyone involved are happy. What's brewing could be, like the 'dot-con': grab the money and run before the FED figure out what's really happening.