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Technology Stocks : Intel Corporation (INTC)
INTC 40.01+1.7%Jan 6 3:59 PM EST

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To: tejek who wrote (130391)3/19/2001 3:00:36 PM
From: Jim McMannis  Read Replies (1) of 186894
 
TED,
RE:"I don't have access to figures on the net but I can tell you that the West coast is not experiencing a bubble with the possible exception of SV. Office vacancy rates in Seattle are less than 5%, apartments less than 3%. In LA office vacancies are less than 10% as of Feb., the best numbers in 10 years. LA apartment vacancies are less than 3%. San Diego is sporting comparable figures. Same with Portland, OR."
--
At the top, vacancy levels are low. Wait 3 months.
Also, the whole Residential real estate market has be inflating since the elimination of cap gains tax a couple years on the sale of a house, coupled with the rise in the stock market. OTOH, unlike the fast stockmarket, RE undergoes a sequence that's much slower. Starting with denial. Then realization. Then the wolf effect where the buyers sit back and gloat and let it fall, then low ball.
The whole process can take a year or more.
Jim
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