>Ok, how come the majority of bad loans are in expensive areas California, Florida, Etc
>
>Certainly not RedLined districts
>
I haven't plotted where the majority of the defaults are, and how are you defining majority? Is it the majority of the total dollar amount? Certainly, it isn't the number of homes. In Memphis, we have a ton of foreclosures. I bought one a few months ago, myself.
John Harvey
Shelbynet.com
"I'm addicted to placebos. I could quit, but it wouldn't matter." Stephen Wright