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Politics : Ask Michael Burke

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To: Les H who wrote (79977)4/22/2000 5:51:00 PM
From: PaperChase  Read Replies (2) of 132070
 
"People in the 80's said the same thing about real estate. They encouraged no money down purchases and mortgaging to the hilt based on that premise."

Stocks do not equal real estate unless they are REITs. Real estate is a different animal; stocks are liquid and RE is generally illiquid.. Those that survived the late 80's/early 90's real estate crash don't need to buy stocks because they are filthy rich from increases in property value :-)

Buy the coming telecom dip.
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