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

To: MulhollandDrive who wrote (105386)	2/16/2008 1:24:21 PM
From: Les H	Respond to of 306849

Real estate agent boycotts housing lender A Fort Myers-based real estate agent is calling on his colleagues to stop doing business with Countrywide Home Loans, saying the company is cutting off home equity credit to solid residents of Lee County because of falling housing prices. news-press.com

To: MulhollandDrive who wrote (105386)	2/16/2008 2:08:23 PM
From: RJA_	Read Replies (1) \| Respond to of 306849

>>i cannot tell you how much this pisses me off He is just dumping a stock that went the wrong way... and ducking out on the margin call. What could be more American? Merely intelligent self interest. Are you personally getting f*cked? If so, be more careful in your lending... Of course, if the monolines go, and the banks go and I fail to get into swiss treasuries, you can say the same thing to me... <g!>

To: MulhollandDrive who wrote (105386)	2/16/2008 2:52:43 PM
From: Sea Otter	Read Replies (1) \| Respond to of 306849

I agree with the sentiment. But you're arguing against a tsunami. Fact is, lots of people are already doing just what this guy proposes. And the numbers are only going to swell IMHO, as the going gets tougher. I don't see any countervailing forces that will change this. Welcome to deadbeat nation. As to what this will do to our economic future, I couldn't even begin to guess. Although presumably it won't be positive ;}