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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Softechie who wrote (65902)5/11/2002 9:55:34 PM
From: LTK007  Read Replies (3) of 99280
 
Having read the recent data i would have to say the movement of capital from stocks into the hard assets of new homes and real estate in general has NOT played itself out, yet.
I admittedly thought the downturn in real estate would have locked in by now, but i now change my view.
It is my hypothesis that the strongest psychological drive in the U.S. of people will be a continuance to secure a home or homes with the thought that once they secure this, they will hunker down and get very tight with their money.
Their prime orientation will be to service their mortgage above all else, but to otherwise then work to saving rather then spending.
I suspect americans our catching on more and tuning the the spinsters out more, and our preparing to hunker down.
The mad rush towards real-estate is actually the measure of how significant the movement of capital from the stock market has become,imo.Max
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