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  1. Wednesday Links (cont.)

    “WASHINGTON (AP) — The number of homeowners who missed at least one mortgage payment surged to a record in the first quarter of the year, a sign that the foreclosure crisis is far from over.” – http://tinyurl.com/2evpapt

    All RE is local but so are the banks that hold these mortgages.

    “Mortgage Applications Plummet To 13-Year Low As Tax Cuts Expire” – http://tinyurl.com/2c93hhc

    13 year low!!! Chair pulled out from underneath the market. The lack of credit creation is deflationary to the economy and thus brownstone prices. Enjoy the reGOVery while it lasts!

    4 straight down days in stocks with wild volatility and the Euro Zone bailout that isn’t.

    ***Bid half off peak comps***

  2. randolph, most people these days could not write a grammatically correct sentence if their life depended upon it.

    Gersh Kuntzman??? Sad. Very sad. He still probably endures psychological scars from when he was a child and tormented by other students in school.

  3. “When he resisted the demand for cash, they beating him with the two-wheeled weapon.”

    Gersh kuntzman, besides having a very unfortunate name, can not write. The Brooklyn paper is such crap it’s not even funny.