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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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Very true, but the data I keep coming across all seem to indicate that we're a LONG way from the bottom.
"Alt-A exposure" is going to be the buzz-phrase of 2008 the same way "subprime exposure" is for 2007. Mark my words. This is going to get much worse before it gets better. I liken the extent of the RE bubble to unearthing a recently discovered mass-grave. You know it's going to be bad and the more digging that's done, the more horrors you discover and the bigger the tragedy is.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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