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(highlighting was mine) Those paragraphs are excerpted directly from the article, with one snip excluded. Clearly the AP 'writer', as usual, hyped the negative, exhibiting AP's flair for BDS. We all accept the last several months were a 'surge' in foreclosures. The headline I would have written would have noted the obvious decrease in filings! The surge is yesterday's news, the decrease is today's news. /beating dead horse.
1 posted on 05/14/2008 8:41:40 AM PDT by CRBDeuce
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To: CRBDeuce

Home ownership is/was not for everyone.


2 posted on 05/14/2008 8:44:22 AM PDT by frogjerk (Hope is a theological virtue, not a campaign promise)
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To: CRBDeuce

In other news, 95% of mortgage-holders made their payment on time.


3 posted on 05/14/2008 8:44:22 AM PDT by 1rudeboy
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To: CRBDeuce
Great news; we are moving to San Diego in August; should pick up a good deal on a house over the next year.
4 posted on 05/14/2008 8:44:28 AM PDT by SF Republican
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To: CRBDeuce

The surge is working..........


5 posted on 05/14/2008 8:45:44 AM PDT by Red Badger ( We don't have science, but we do have consensus.......)
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To: CRBDeuce
with one in every 66 households receiving a foreclosure notice.

Life in Democrat Paradise.

8 posted on 05/14/2008 8:47:23 AM PDT by Fido969 ("The hardest thing in the world to understand is income tax." - Albert Einstein)
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To: CRBDeuce
64,683 in a state with a population of 36,457,549???

The horror!

9 posted on 05/14/2008 8:48:22 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: CRBDeuce

Nevada, currently the No. 1 foreclosure state, one out of every 146 households is in default.

http://www.tradingmarkets.com/.site/news/Stock%20News/1555266/


14 posted on 05/14/2008 9:47:07 AM PDT by dragnet2
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To: CRBDeuce

A year over year comparison is a better measure over a month to month.

For example, retail sales nosedive in January, compared to the month before, is that a sign of a failing economy? Of course not.

That’s why retail stores compare their sales from the previous year and not the previous month.


15 posted on 05/14/2008 9:55:40 AM PDT by Philly Nomad
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To: CRBDeuce
Does anyone have a breakdown as to how many are family primary homes, second home, speculative homes, contractors unsold homes, investment properties, etc.? Although there is increased foreclosure activity in this region, my observation is that many are not family primary homes.
20 posted on 05/14/2008 11:12:34 AM PDT by elpadre
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To: CRBDeuce
Does anyone have a breakdown as to how many are family primary homes, second home, speculative homes, contractors unsold homes, investment properties, etc.? Although there is increased foreclosure activity in this region, my observation is that many are not family primary homes.
21 posted on 05/14/2008 11:12:41 AM PDT by elpadre
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