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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (6967)	8/24/2001 10:26:59 AM
From: Think4Yourself	Read Replies (5) of 23153

re: if you're getting killed in stocks and it's too late to get into bonds, then maybe you should take a fling at real estate? That's exactly what seems to be happening here. The dead market is making folks acutely aware of their home equity. It has actually come up in conversations lately. That also explains some of the strength in sales at Home Depot and Lowes. Don't get me wrong. No one I talk to is "worried" about housing prices falling. Quite the contrary. Most folks have been in cash for quite awhile and are itching to put it to work. If you are sitting on cash waiting for the market to "bottom", why not fix up the house or upgrade to a larger house? It makes sense, gives tangible benefits, and gives you something to do while waiting for the market. Who wants to end up being the richest person in the cemetary? I'm not giving my beneficiaries my hard earned money to buy expensive houses and cars that I wouldn't buy for myself!! I have also been contemplating getting a larger place. Probably not one of the nearby Toll Brother houses, which are beautiful, but a bigger place.

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