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Politics : High Tolerance Plasticity
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To: jim_p who wrote (254)2/25/2001 9:10:52 AM
From: Aggie  Read Replies (1) of 23153
 
Hi jim_p and all,

I remember the bust in 1986 Houtex also...Lots of "see-through" office buildings downtown around Milam and Louisiana. A geologist friend of mine reflected that, in 1981 it took him at least 45 minutes to an hour to commute from Katy, and come 1986, it only took 15.

His $5MM house probably dropped below $2MM, but I never understood why a man in his 80's would care?. Yeah...well that's probably part of how the old goat got the $5mm house in the first place. To have that much money it becomes a matter of principle (no pun)and by the time you're 80, there's not a whole lot else you can do with yourself anyway.

Wouldn't be surprised to see a similar real estate collapse hit the west coast, and then the east coast (which suffered a similar retracement in the early '90's).

Regards to all, kicking myself for not jumping out in a bigger way last week. What's the take on the OSX, is it done running for now?

Regards to all,
Aggie
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