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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.10

-1.4%

3:59 PM EST

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To: dbblg who wrote (76661)	9/5/1999 8:15:00 PM
From: KeepItSimple	Read Replies (3) of 164684

>The housing spikes in areas like RTP with more forgiving geography You've got to be kidding. Housing spike in RTP? Maybe in quantity of homes, but not in price. Not by a long shot. 12 months ago I used to live there. There's so much empty land around the RTP that it'll take 100 years to get as crowded as the SF bay area- where literally every single square inch has SOMETHING on it. I could get a 6000 sqft mansion on 50 acres for under $500,000 practically anywhere within the RTP, without even trying. The secret is that land is plentiful, and when land is plentiful you can always build new. And when you build new, and pay for your own material and labor, you can't overpay 10x the actual value like in Palo Alto where the _real_ scarce commodity is land- and zoning laws that forbid bulldozing and building nicer houses.

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