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Politics : Ask Michael Burke

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To: PaperChase who wrote (79983)	4/22/2000 7:56:00 PM
From: Skeeter Bug	Read Replies (3) of 132070

>>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 :-)<< that isn't true in many places. many folks that bought at the top in 1989 are selling their homes now for just about the same as they bought them - maybe slightly higher. adjusted for inflation, many are down. however, those that bought low, watched the rise and survived, are rich. buy low is the KEY. buy high is extremely risky (ESPECIALLY when you don't think it is risky - think about it). just ask anybody that bought the nikkei at 39k, tulips at $10k, the 1929 high, the 1969 high... or, hey, the naz at 5k. many, many folks died before they broke even.

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