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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 (247489)	5/10/2010 11:40:21 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Hey, maybe if housing recovers he won't have to go to jail? And he can still make zero risk deals wit GS? G Sounds like he's still looking for a low the later half of 2010.

To: John Vosilla who wrote (247489)	5/10/2010 12:49:39 PM
From: ChanceIs	Read Replies (5) \| Respond to of 306849

Report: 11.2 Million U.S. Properties with Negative Equity in Q1 Monday, May 10, 2010 by CalculatedRisk on 5/10/2010 11:23:00 AM First American CoreLogic released the Q1 2010 negative equity report today. CoreLogic reported today that more than 11.2 million, or 24 percent, of all residential properties with mortgages, were in negative equity at the end of the first quarter of 2010, down slightly from 11.3 million and 24 percent from the fourth quarter of 2009. An additional 2.3 million borrowers had less than five percent equity. Together, negative equity and near-negative equity mortgages accounted for over 28 percent of all residential properties with a mortgage nationwide. ________________________________ So....ummmmm....like Mr Paulson dude.....ummmmm.....like how are housing prices going to rise 10% overnight with all these homes underwater? Last time I threw a house in the water, it sank like a stone. BP is currently applying this principle to staunch the oil leak in the gulf. You have lost faith and reason. Think to yourself...can Bernanke buy residential asset backed paper and gyro backed paper at the same time. (Of course you can always lick the cucumber sauce and feta bits from the wrapping to delay dumpster diving for another six hours.) I mean...even he has limits. Was it Daedalus or Icarus who flew too close to the sun while trying to get to Athens from Crete? Come to think of it, are there riots in Crete??? I mean like ..... dude ...why would anybody leave Crete for the mainland???