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

To: Broken_Clock who wrote (70169)	1/11/2007 10:56:52 PM
From: saveslivesbyday	Read Replies (2) \| Respond to of 306849

Being short the past 5 months has really been painful. I'm about to give up on trading options. Anyone want to try to cheer me up with a joke? Saves

To: Broken_Clock who wrote (70169)	1/12/2007 12:36:42 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'That's classic. Colorado just set an all time record for foreclosures in that state' Anyone of the opinion Colorado is a year or two ahead of the coastal bubble markets? If anything the other bubble markets crash faster and harder this next cycle than Colorado which has been muddling along for five years already even with the global expansion, record low interest rates and easy access to toxic loans a dynamic I'd find impossible to remain as a continuous stimulus the next 3-5 years..

To: Broken_Clock who wrote (70169)	1/13/2007 12:24:24 AM
From: bentway	Respond to of 306849

I think the reason you see high foreclosure rates in what had been considered "non-bubble" states are that the flaky mortgages that have allowed CA residents to buy a bubble home also allow much more marginal buyers in flyover country to buy homes as well. The mortgage industry has been busy ALL OVER the country! These people are one paycheck away from deliquency and three months from foreclosure. They don't have any savings or assets, and when they lose their jobs, or when some expense nails them, they lose their homes.