Zeev's Turnips - No Politics Message Board

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

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To: Crimson Ghost who wrote (78276)	6/13/2002 11:01:30 AM
From: augieboo	Read Replies (1) of 99280

George, speaking as a California native, I say your friend is sadly deluded. Tell him to ask a few people out here about the 1989-1990 real estate market. Hint: There was a gigantic "POP" heard all over the state, followed by a prolonged hissing sound. The good news is, the market is up well above the last post-crash lows. The bad news is, your friend will be looking at five to ten years of dead money before he can recoup. Of course, maybe this time will be different. Maybe the market really will keep going up forever. And maybe someday monkeys will fly out of my backside...

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