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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 227.14

+0.5%

10:17 AM EST

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To: hueyone who wrote (152356)	2/2/2003 4:58:08 PM
From: Lizzie Tudor	Read Replies (1) of 164684

hmmm you know the more I think about it, the more I think real estate, specifically residential real estate in the US is more of a scam than the stock market without options expensing (this is assuming you believe unvested options are an expense, for the purposes of this argument lets assume its true). Real estate- - artificially inflated due to tax laws which favor the industry, mortgage deduction and capital gains exclusion 500K - in California an additional, even greater scam of proposition 13 which makes it attractive to hold on to property forever, a sort of pyramid scheme which adds to the wealth of the long time owners vs. the younger newcomers - home equity loan deductibility for some expenses - 401K ability to draw down against home purchases All this junk makes real estate into a giant ponzi scheme in the US... nonetheless you don't hear much outrage from the "due diligence" crowd, why is that?

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