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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: pogbull who wrote (12093)1/24/2003 1:49:11 PM
From: SGJ  Respond to of 89467
 
Japan CRE is down 90% while RRE is ONLY down 75%>>>

Possibly that people stay put if prices fall on RRE, keeping relative pressure off the Res market. It is also bigger and broader.
CRE owners may not as often have that luxury, more limited market and forced sales more common.
Of course under Jim's scenario, the homeowner gets toasted bigtime and forced sales are of a rogue wave type nature.