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

To: Jim McMannis who wrote (180753)	1/30/2009 2:59:15 PM
From: Poet	Read Replies (2) \| Respond to of 306849

I just spent some time with my folks in my hometown-- a bedroom community of New York. Doing a little economy-related dd. The traffic is crazy, the overbuilding looks near-criminal, and there are a fair amount of "for sale" signs popping up. Had lunch with my daughter in a long-lived local restaurant which was empty at noon. It got about half full by 12:45-- very unusual. I came away thinking that Fairfield County is just beginning to feel the squeeze, but when the time comes, it'll be bad. BTW: My hometown's $40M pension fund for town workers was "invested" with....and taken by....Madoff.