Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Warpfactor who wrote (77890)	11/6/2000 11:44:04 AM
From: Meridian	Read Replies (1) of 95453

Warp, California real estate will dive when the economy slows further ... you should short Kaufman & Broad (KBH) a housing company w/ concentrated land/home sites in CA. And use the proceeds (when the stock tanks) to put towards a downpayment on a home (which just tanked). The unreal appreciation in CA homes can't continue. Further, I think it's very linked to the stock market, in that people are using home equity loans to play the market, which has been affording them the ability to overpay in orders of magnitude for homes all over the US. If the market cracks, so goes CA real estate, setting you up perfectly.

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