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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (51549)5/16/2002 3:53:25 PM
From: mt_mike  Read Replies (1) of 65232
 
Wouldn't you love to see Grant, Tice or someone else with an objective opinion as a co-host of that CNBC morning show rather than the cheerleaders they usually have on.

On another note, how much longer do you think the real estate market holds up. If the dollar collapses and interest rates shoot up that might do it. I have heard the argument that if the market continues to decline investors pull their money out of the stock market and roll it into real estate (including land and vacation property) thereby creating a land grab. I don't remember what popped the real estate bubble in the early 90s in the northeast.

Personally, I don't buy the above argument since most of the acquisitions are debt financed and the higher cost of borrowing will prevent these acquisitions. To me, this whole real estate market is starting to look an awful lot like Nazcrap 5000. Real estate is featured in magazine articles and an increasing number of real estate related CEOs are on TV talking about explosive growth for years to come. I recently sold my house for 25% more than I paid for it 9 months ago.

Since I didnt pay attention to the early 90s real estate collapse, are there any similarities this time or differences.
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