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AMZN 220.66+1.6%Nov 21 3:59 PM EST
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To: Glenn D. Rudolph who wrote (101302)4/17/2000 1:37:00 AM
From: GST  Read Replies (2) of 164684
 
Glenn: If ten people own houses and one sells at one million dollars, the other houses (if they are all the same) are all worth 1 million also -- and all ten are worth 10 million. The next year one house is sold for $500,000 -- and now all ten houses are priced the same -- or $5 million altogether. Now where did the five million dollars go? It is certainly not in anyones pocket. And if everybody took home equity loans when their houses were "worth" a million a piece -- then they are deep in debt and maybe in trouble.
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