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

To: ChanceIs who wrote (214430)	8/6/2009 1:23:17 PM
From: ChanceIs	Read Replies (2) \| Respond to of 306849

Field trip report: I have been up in the wilds of Maine these last few weeks. Some internet through my BlackBerry, but relatively low bandwidth. Still pretty amazing given how far I am from the civilization. I have this info: 1) Things in Maine aren't that bad. Of course they never got that good. My father used to say that Washington County - far east Maine - never got out of the Great Depression. No knock against WC - I love the place - probably more because there are no track mansions. 2) Back in reality - Washington DC - I saw a huge placard in the Metro system pitching REOs and how to get it done. That is significant because DC is deemed to be recession proof. 3) Wednesday night sailing in Annapolis, MD last night. One of the crew - a realtor - says that the low end in Annapolis has bottomed and even started to rise. I would take that with several grains of salt: 1) Annapolis is the state capital and very trendy - lots of big $$$ Washingtonians dropping big $$$. This doesn't reconcile with REO adverts in the DC Metro. 4) Oh. And speaking of STDs, while exiting the mens room at the most southern rest station on the NJ Turnpike (Delaware Memorial Bridge) I noticed bolted to the wall, a sharps container. It seems the the NJ government would like you to dispose of your used needles properly after shooting up in the stalls. There was no accompanying sign warning against driving when you are high as hell. What is worse, bank corporate bailouts or implicit sanction for intravenous drug use. I remain about 60% net short - for some obvious reasons - although it has been painful.