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

To: MulhollandDrive who wrote (5263)9/12/2002 4:33:01 PM
From: Jack of All TradesRead Replies (1) | Respond to of 306849
 
Don't defaults usually spike when the economy starts to turn? ie, the people that are upside down capiculate???



To: MulhollandDrive who wrote (5263)9/12/2002 7:13:16 PM
From: Lizzie TudorRead Replies (2) | Respond to of 306849
 
but what is your point? there was a spike in foreclosures when the economy was stronger, and there is a spike now that the economy is weak?

all that implies is we may be in for even higher foreclosure rates.

My point is that foreclosure rates seem to have no bearing on the future, as far as predicting higher forthcoming foreclosure rates.

Q1 99 was not a harbinger for anything, maybe these recent forclosure numbers don't mean anything either.
L


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