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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (34961)	6/28/2005 8:12:45 PM
From: Jack of All Trades	Respond to of 110194

What you speak of on the foreclosure side, is what happened in the late eighties in NH when the FDIC came in and took over the insolvent banks... The FDIC tried to ease them on the market but once it started prices fell. Peak vacation condos going for $125K could be had at FDIC auction for $10-20K...

To: GST who wrote (34961)	6/29/2005 12:16:49 AM
From: John Vosilla	Respond to of 110194

Prices in the vacation market could topple like dominos as the loans get called across the country. Agreed. Those markets get hit from all sides as employment is so tied to housing and tourism as well. Perhaps some ghost towns if the next downturn is very severe.