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Non-Tech : Kirk's Market Thoughts

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To: robert b furman who wrote (1565)	7/2/2014 10:17:26 AM
From: Kirk ©	Read Replies (1) of 26629

Some areas of the country are ALREADY booming. Here in the Silicon Valley up to Napa in the North, housing is scarce and our roads are jammed yet they keep cramming in more high density units to "make it affordable" with sub million dollar homes 3 stories high on tiny, postage stamp lots... I'm starting to track it to see if I can get a clue when it tops... Home Prices vs API Scores Los Altos, Palo Alto, Cupertino, Saratoga, Los Gatos, Mtn View and Sunnyvale I believe they don't care about new housing being "affordable" as much as they need the tax dollars to pay the promised pensions... I told you about the new buildings near me that charge $4K a month for a 2b/2b apartment on land that used to be a Sears parking lot. Of course, we'll be hit us up for new schools and told to use even less water for all the new people they will cram in. When tech was peaking in 2011, I took some profits and moved it to REITs in my IRAs. My REIT funds were up 16 to 17.4% in the first half. One of my bets was people would be scared of buying a home after the collapse so rentals would be a good investment. Weird... I can't upload an image showing how FNSR peaked in 2011 and we're still below that price today...!

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