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Technology Stocks : Semi Equipment Analysis

SOXX 302.84

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4:00 PM EST

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To: Proud_Infidel who wrote (4716)	8/6/2002 10:19:57 PM
From: BWAC	Read Replies (1) of 95503

I'm tired of this housing bubble theory. Newsflash. Not every section of the country thinks 1800sq ft. everyday houses are worth $2 Million. In fact such a bubble exists in just a small tiny segment. Sure some others areas have 400 and 500k lakeside or country club golf course side 3000 sq ft. homes. That is more normal. But the same house built outside of the ultra trendy neighborhood only goes for $200k. Less than $70 per sq ft. Is that a bubble? Less than $70 per sq ft.? Is the price of lumber getting cheaper? Is the price of other building materials coming down? Is the labor cost falling? There isn't any bubble here. I see houses that I wonder how people afford. But just the same they are priced at around $70 per sq. ft. If you told me people couldn't afford the houses they were buying, I'd believe that. But does that make a bubble in the asset price?

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