Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Silver Super Bull who wrote (15022)	7/2/2002 10:52:23 AM
From: terry richardson	Read Replies (2) of 36161

deadbull: Re your post: <"I can't speak for Canadian real estate. But I read that in Chicago, the residential real estate market, in the last twenty years, has averaged AT LEAST a 1% gain annually. If that type of performance doesn't lend itself to complacency to real estate price risks, I don't know what will. And the amazing thing is that Chicago is not even near the most overvalued real estate in the U.S."> Call that a rise in prices?? 1% annually doesn't keep pace with inflation. Now in the UK we really know how to boost prices. A quote from a recent Daily Telegraph article: telegraph.co.uk <"House prices rose by a record margin last month, exceeding even the peaks of the 1980s boom, figures showed yesterday. The Halifax, in its monthly survey of the market, calculated the rise at 4.2 per cent, compared with the previous record of 4.1 per cent in July 1988. In the past 12 months, the average house price has risen by 18.5 per cent..."> That's 4.2 per cent per MONTH. Every time I think I have enough to go back and retire to a nice house in the country they do this. I think it's personal (grin) Regards T.

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