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Politics : High Tolerance Plasticity
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To: Think4Yourself who wrote (4238)5/7/2001 3:17:38 PM
From: energyplay  Read Replies (1) of 23153
 
For rental housing, there are one or two apartment REITs that are heavy in Califronia -

Mack _Cali is one . ALso, KBH , Kauffman and Broad is an home builder with
haeav California business.

Bad side : KBH is also very heavy in Texas, which is doing well. I think Mack_Cali is too.
Plus REIT pay good dividend. This makes them lousy shorts, unless the dividend is at risk.

Maybe a savings and loan like WM, Washington Mutual ? they bought Home Savings.

I don't see a clean, well leveraged way to play this....
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