<a href="http://online.wsj.com/article/SB123663300574375881.html">S&P Puts Mortgage-Backed Securities on Downgrade Watch </a>
Wow. Thanks S&P for the timely "downgrade watch" on the Alt-A first liens.
Is this someone buying a home from their parents?
<a href="http://www.redfin.com/CA/Long-Beach/5841-E-Rosebay-St-90808/home/7566278">$106 per sq. ft. 4/2008</a>
$106 per sq. foot in April of 2008.
Caught me off guard.
-- Carl