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When CNBC starts doing regular bits on real
estate during every hour of the trading day, then it will be time to sell.
They have to have a real estate reporter who tells you how you can start a real
estate investment club. And Power Lunch has to have competitions where
college and high school students compete in the real estate market. That
will be the time to put your house on the market for 50% more than it's worth
and see if anyone bites.
Kent Rollins
----- Original Message -----
From: <A
title=mr.ira@xxxxxxxxxxxxx href="">mr.ira
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, July 25, 2004 9:26 PM
Subject: Re: [RT]
I don't think anyone is whining. I believe
that most on this site probably own their own home and are participating in this
boom. Like stock or futures, when is a good time to trade up or down
or just buy a put. I feel it is time to hedge the housing boom and there
are dozens of ways to do it.
Ira.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dan
Goncharoff
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, July 25, 2004 5:34 PM
Subject: Re: [RT]
For those who want to understand housing, and not just whine
about it:<A class=moz-txt-link-freetext
href="">http://www.frontlinethoughts.com/article.asp?id=mwo070204<A
class=moz-txt-link-freetext
href="">http://www.frontlinethoughts.com/article.asp?id=mwo070904RegardsDanGmr.ira
wrote:
The housing boom must be near an end.
There was an article in today's paper about people lined up 2 days in
advance, living in their cars, in order to buy homes that start at
$900,000. The average price of homes here is going up about $3000 per
week. Last week the average price was $500,000, today it is
$503,000.
The housing market here is like the stock
market in 1999 and 2000. I don't think the housing market will fall to
the same degree as the stock market did, but a 20% drop will hurt a lot of
people. It will also reflect upon some commodities, housing stocks and
housing related stocks.
Of course there is no inflation. Just ask the government.
Have a good week end.
Ira.
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