I agree. It’s low. But I think what was happening was more people thinking they were going to flip and make money. You know, just like during the stock market bubble, all of a sudden everyone was buying and selling and day-trading. I never thought there were all these people buying multiple properties. I was surprised when I did come across people that had NODs on more than one property. It wasn’t a great number. I think the vast majority of these foreclosures were people that wanted to flip and/or those who thought they’d never be able to buy b/c prices were going to go up forever. And as long as that bubble lasted, it made you wonder for a minute.
