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To: BGR who wrote (70633)	10/20/1999 11:19:00 PM
From: Mama Bear	Read Replies (1) of 86076

"Tell me, do you trade your house every year? If not, then what's so different for equities " It's a poor analogy, because a house has a utilitarian purpose. I can't live in shares of stock. Also, transaction costs are much higher. It runs at least 6% to hire a good broker to complete the transaction, as well as numerous other closing costs. But even so, there are many short term traders of single family homes. If one could turn over a house on demand for a fee of $25 or less we'd probably see a lot more. The two asset classes really aren't comparable. Regards, Barb

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