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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (346581)	10/26/2007 12:00:43 AM
From: ldo79	Respond to of 436258

Chump change - compared to the derivatives markets. ============ Foreclosures will drive down property values BY TAMI LUHBY \| tami.luhby@newsday.com 7:10 PM EDT, October 25, 2007 Families and neighborhoods nationwide will lose more than $100 billion in real estate value and states will be out more than $917 million in property tax revenue by 2009 due to an escalation in foreclosures, a new congressional report has found. Released by the Joint Economic Committee, the report estimates these losses will occur because 2 million homeowners with subprime mortgages will enter foreclosure by the end of next year. tinyurl.com