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

To: Ramsey Su who wrote (45779)	11/18/2005 9:13:13 AM
From: russwinter	Read Replies (5) \| Respond to of 110194

For obvious reasons these real estate and mortgage related layoffs are going to be significant. The updated number for this chart is for Sept, 2005: 529,300. idorfman.com Another added factor is that much of the speculation in rental housing and construction flipping comes from employees in this sector. They have access to the loans on good terms, and know the process. Real estate industry (not just mortgage: realtors, construction, etc) job loss and higher lending standards will be the drivers of the housing collapse, especially in California. This will get ugly fast.