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

AMZN 229.10

-1.4%

Dec 4 3:59 PM EST

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To: KeepItSimple who wrote (76660)	9/5/1999 7:46:00 PM
From: dbblg	Read Replies (1) of 164684

Agree w/you that Bay area real estate prices are unsustainable, but I'm not sure of the nationwide significance. Areas of the country which are dependent on agriculture, steel, etc., are as bleak as I've ever seen them. The housing spikes in areas like RTP with more forgiving geography and planning laws than Seattle, SF, etc., will resolve themselves pretty quickly. I do think the near-elimination of capital gains taxes on primary residences (I don't have the number handy, but the percentage of people realizing more than the 500,000 dollar profit-limit on a primary residence is very small) is hugely inflationary...

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