Posted on 09/18/2009 4:18:26 PM PDT by SeekAndFind
Saw this in the paper this morning. SD County unemployment 10.6%, Cal 12.2. Both bad anyway.
The current stabilization is due to Banks holding their reo properties instead of dumping them. They have to do this in order to salvage thier asset value. The breaking point will come as it always does, someone will panic and all hell will break loose. When is anyone guess.
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