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


To: John Vosilla who wrote (71305)2/2/2007 10:13:52 PM
From: ObliviousRead Replies (1) | Respond to of 306849
 
Bitch all you want. I'm up 140% since August 1. Make money
have a good time!



To: John Vosilla who wrote (71305)2/3/2007 1:19:35 PM
From: SLCMortgagesRespond to of 306849
 
"Perhaps you need to check out Denver to see what SLC will be like in a year."

Utah has the checks and balances in place to avoid this. You have to remember, just three years ago Utah led the nation in foreclosures, mortgage fraud and had a very high bk rate. We've already been through this crap. In 2002, $600k houses lost half their value. They've since rebounded.

"Then just add easy credit for Joe6pack to continue living beyond his means in a low interest rate environment with no ramifications yet for excess credit, monetary expansion and mounting twin deficits."

Easy credit is going away as well. Lenders are tightening up. You actually have to have a decent credit score now.

slcrealestate.blogspot.com