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Contagion via California real estate?

• ghaff 8y ago
  That's still a local phenomenon though if the numbers were even big enough to make a big difference in traffic and pricing.
  • soVeryTired 8y ago
    No, I mean contagion into the banking system via mortgage defaults: California is an enormous economy. To be fair, that's just a rehash of the way things played out in 2008. I'm sure when the crunch comes, it'll come from somewhere less expected.