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

To: last2no2 who wrote (71047)	10/5/2006 1:11:57 AM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Still More Anecdotes globaleconomicanalysis.blogspot.com Mish

To: last2no2 who wrote (71047)	10/5/2006 1:14:09 AM
From: mishedlo	Respond to of 110194

hmm .5% a month 6% a year lets call it 5% rounding down One out of every 20 houses in Oakland County will be foreclosed this year. Is that what you are saying? WOW Mish

To: last2no2 who wrote (71047)	10/5/2006 9:11:40 AM
From: orkrious	Read Replies (5) \| Respond to of 110194

Yes Oakland County is foreclosing 2400 homes per month or .47% of the houses in the county. Where do you get that statistic from? I don't see anything in that link that says there are just 500,000 houses in Oakland County. You're also assuming the 2400/month continues each month. I'm as bearish as the come and I live here but I doubt that 5% of the homes in Oakland County will be foreclosed on this year. (Maybe if you include builders who give their spec houses back to their lenders???) Oakland County is a very wealthy place. If you include the other counties around here it might be more believable.