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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 (138846)	8/4/2008 11:26:42 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

RE:"Amazing how many RE folks down here out in the real world thought I was out of touch 2-3 years ago have finally seen the light late in this game.. My guess is you've had a similar experience?" 2-3 years ago I sent e-mails to many in the local real estate industry warning them of the impending bust. This progressed into links to articles covering the cracks in earnings of homebuilders. (where the first cracks started showing up). Never got too many replies, most probably had me on ignore. Now, if you remind them of it you get a grumble, a mental f-you. No acknowledgement. Some are more than happy to give their houses back to the bank after helocking it to the hilt. So it's bittersweet at best.