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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Gary Taylor who wrote (13218)	4/15/2000 3:29:00 PM
From: sea_biscuit	Read Replies (1) of 15132

Boy, it must be a very nervous weekend in the Valley dailynews.yahoo.com "Hotbed of foreclosures" if the slide continues for just one more week? Boy, that should give an indication of how high the mania had taken the prices. Anecdotally, I have heard of one instance where a house that was on sale for 430k was bid up to 530k, and yesterday, the guy who was third on the "list" (his offer was 475k) got a call that his offer would be accepted! However, he had to back out because he had got creamed in the markets too. Dunno whether it will continue but, as I said, this one must be a very nervous weekend in the Valley.

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