Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Silver Super Bull who wrote (27331)	2/3/2003 5:24:50 PM
From: Victor Lazlo	Read Replies (3) of 36161

<< what makes Real Estate such a potentially lethal investment is that legions of people believe it is a "safe" market that never goes down. >> What makes it a stable and reliable invest : 1. people have to live somewhere. 2. Homeowners don't come home from work every day, check the value of their homes, and think about whether to sell or buy an additional one the next day at 9:30 am. I don't suppose you realize that over %40 of homes are owned outright. Although I think many areas are still way overvalued, including my neck of the woods, real estate right now is not the tech mkt of 2000. Far from it.

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