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

To: shades who wrote (52142)	4/17/2006 10:24:52 AM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

When will the Wall Street sheep figure it out? Not a discounting mechanism anymore or are some of us mad fools for betting against the ponzi scheme even at this late stage? No reserves and GAAP earnings to the moon but this time is different? You think the 'sheep on the street' even read this board, Ben Jones's board or talk to realtors anymore? More than half of the Corus risky condo construction loans tied to the bubble markets in CA and FL. Buyers strike again this weekend on existing single family down here with real people living in these homes. Condo market is already a disaster as most built in the last year still sit empty and tons of new stuff still going up. Corus also pays among the highest rates for deposits to attract badly needed capital.