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

To: Smiling Bob who wrote (80068)6/25/2007 11:43:08 AM
From: John VosillaRespond to of 306849
 
'John's point was probably that the issue becomes greatly magnified with larger mortgages in other bubble areas. Incomes in other areas just aren't that much higher to permit a loan of 3-5 times higher, as many are....

The press is really just now beginnning to question whether the magnitude of the problem was understated. Of course, we all know it was. We didn't listen to the Lereah's and the other "official" sources.'

Exactly. I couldn't have said it better myself..


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