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To: JakeStraw who wrote (74857)1/15/2008 11:47:27 AM
From: John Koligman  Read Replies (1) | Respond to of 77399
 
*OT* Jake, I've started to read and post on the 'Residential Real Estate Crash Index' thread, and it appears to be one of the more active threads I monitor these days...

Regards,
John



To: JakeStraw who wrote (74857)1/16/2008 11:31:10 PM
From: Lynn  Respond to of 77399
 
"Additionally it's a sad commentary when some homeowners borrowed way more than they could afford and thought the price of their house would just keep on appreciating without limit..."

According to a news segment on WCBS (880AM out of NY) this afternoon, it still is not known how many of these borrowers took the money to invest in the stock market. With the market going down, even more people could be losing their homes.

Lynn



To: JakeStraw who wrote (74857)1/16/2008 11:40:52 PM
From: Lynn  Respond to of 77399
 
"Additionally it's a sad commentary when some homeowners borrowed way more than they could afford and thought the price of their house would just keep on appreciating without limit..."

According to a news segment on WCBS (880AM out of NY) this afternoon, it still is not known how many of these borrowers took the money to invest in the stock market. With the market going down, even more people could be losing their homes.

Lynn