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

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To: KeepItSimple who wrote (65754)	6/30/1999 9:10:00 PM
From: Robert Rose	Read Replies (1) of 164684

OT: re: Silicon Valley Real Estate Prices - SCARY I just got a letter from Coldwell Banker Residential Brokerage about Eichler homes sold (by CB, I assume) in Palo Alto from 4/1 - 6/16 1999. The 18 homes sold for between 515K and 950K. More astounding: 14 of the 18 sold for MORE than the asking price! For example, the most expensive was listed at 738k and sold for 950k a week later! You get the idea.... For those outside CA, Joseph Eichler built thousands and thousands of these modest tract homes in the '50s and '60s, mostly in the SF Bay Area, and some in S. CA. They were built in the 'Modern' style - simple and functional, with large windows for 'indoor/outdoor' living, given CA climate. While built as affordable housing, they are no longer. For example, ours is now worth 100 times what it sold for new in 1951. I keep telling my wife we should move to the better side of the tracks. But her motto is: Keep It Simple (LOL).

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