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very appropriately named though
CNBC aka Can Never Be Correct
--- Kent Rollins <kentr@xxxxxxxxxxxxxx> wrote:
> 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: mr.ira
> To: 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.
> ----- Original Message -----
> From: Dan Goncharoff
> To: 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:
>
>
>
http://www.frontlinethoughts.com/article.asp?id=mwo070204
>
>
http://www.frontlinethoughts.com/article.asp?id=mwo070904
>
> Regards
> DanG
>
> mr.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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