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Re: ChrisJP post# 6306

Monday, 11/17/2008 1:03:17 PM

Monday, November 17, 2008 1:03:17 PM

Post# of 10842
We did some leveraging too. Lots of things that under normal circumstances would be no issue. But, under the current climate everything is amplified 10 fold. To much inventory, home builders not getting it and still attempting to press forward....

Just a real bad mix. Real estate is supposed to be for investment and wealth generation, not a stock to be flipped on a moments notice so yes we should have seen something wicked this way coming.
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