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The East and West coast face the greatest potential for huge slides in
prices.
The midwest, and south have seen price increases, but nothing out of the
ordinary like the
East and West have.
Unemployment rates are extremely low, which have certainly contributedg to
the buying mania.
Folks believe that this market will last forever. Look at the fundamentals
(or lack thereof) and you will
see that we are already very much on borrowed (literally) time.
For example:
1) Enormous Goverment Debt
2) Extreme Corporate Debt
3) Extreme Public Debt
4) Unsustainable trade deficit
5) Unsustainable equity prices
6) Continuing economic difficulties in: Asia (China's banks insolvent,
pressure to devalue mount), Japan still experiencing negative growth 11
years after the bursting of their asset bubble, Europe still experiencing
double digit unemployment, Russia in severe recession (bordering on
depression).
Take a look at my web site which details just how stretched this economy is,
especially as it relates to the debt levels.
The bubble's end is in sight, in my opinion.
http://www.advsoftware.com
See the sections under the economy tab.
JT
----- Original Message -----
From: "george" <jfk@xxxxxxxxx>
To: <jptaylor@xxxxxxxxxxxxxxx>
Sent: Sunday, June 04, 2000 8:04 PM
Subject: Re: [RT] Re: Economy and high housing prices
> James: do you see a general decline in real estate prices nationwide?
> What is your take on unemployment rates nationwide? thanks, Joe
> ----- Original Message -----
> From: James Taylor <jptaylor@xxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, June 04, 2000 9:32 PM
> Subject: [RT] Re: Economy and high housing prices
>
>
> > This is PURE nonsense.
> >
> > When (not if) the layoffs begin en-masse in the Bay Area, the prices
will
> > fall like a stone, just like they did during the last recession.
> >
> > As it is, the number of greater-fools willing to shell out $400-$600K
for
> a
> > home is drastically shrinking.
> >
> > Anyone buying into this hype and paying these outlandish prices deserves
> > what they get when the bottom drops out.
> >
> >
> > JT
> >
> >
> > ----- Original Message -----
> > From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Saturday, June 03, 2000 3:02 PM
> > Subject: [RT] Re: Economy and high housing prices
> >
> >
> > > My take on this is that there is a golden opportunity there.
> > >
> > > 1. Growing demand.
> > > 2. Stagnant to shrinking supply.
> > >
> > > Create a private school/day care chain to satisfy the demand. In fact,
I
> > saw
> > > a very intelligent person on CNNfn this winter who is doing exactly
> that,
> > > targeting fortune 500 company headquarters locations and doing a
> landrush
> > > business.
> > >
> > > Michael
> > >
> > >
> > >
> > > ----- Original Message -----
> > > From: "JW" <JW@xxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Saturday, June 03, 2000 01:41
> > > Subject: [RT] Economy and high housing prices
> > >
> > >
> > > | Here's an interesting column from a local reporter for the San
> > > | Francisco Chronicle on the other effects of [our] high housing costs
> > >
> > >
> > > |
> > > | The end result is that housing will always go up in price. The
demand
> > > | for housing always will outstrip the supply, barring a concerted and
> > > | sustained public and private effort. Such an effort is not only
> > > | unlikely, but would transform this area into something so foreign to
> > > | what it is now that it would become undesirable.
> > >
> > >
> > > |
> > > | The cost of private schools on the Peninsula has skyrocketed in the
> > > | last five years, in keeping with the huge demand for the very few
> > > | openings such schools offer every year.
> > >
> > >
> > > | There is not enough top-quality child care to go around. Parents of
> > > | small preschool children say the situation has become a nightmare.
> > >
> > >
> > >
> > >
> > >
> >
> >
> >
>
>
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