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Post# of 704041
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Newly2b

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Re: skono4 post# 255008

Wednesday, 06/09/2004 9:27:43 AM

Wednesday, June 09, 2004 9:27:43 AM

Post# of 704041
Housing

Yes, we tend to forget that real estate is a "local" market more than a national market, with great disparity between locations. However, remember the local bursting of the California real estate bubble back in '89-'90 had national repercussions when the S&L's started collapsing under the weight of bad mortgage loans and foreclosures.

N2B

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