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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 (248071)	5/14/2010 8:08:57 AM
From: Jim McMannis	Respond to of 306849

RE:"Wouldn't you do the same thing if you were in their shoes"? Except they should have been left shoeless w/o a bailout with taxpayer money. If you got a rebate of your last 5 years in income taxes you'd take it too.

To: John Vosilla who wrote (248071)	5/17/2010 9:38:58 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Riverside County: 90% of mortgages underwater, 23% of mortgages 60-days late irvinehousingblog.com May 13th, 2010 by IrvineRenter in 82 Astute Observations The mortgage statistics out of Riverside County are pretty grim. Will the substitution effect pull prices down here in Irvine?