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Newly2b

06/09/04 9:27 AM

#255035 RE: skono4 #255008

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