Rat dog micro-cap picks... Message Board

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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: Bucky Katt who wrote (12205)	6/3/2003 11:29:17 AM
From: George Burdell	Read Replies (2) of 48461

IMO home prices are an internet bubble waiting to happen. It may not be as absurd everywhere as here in Austin, but because rates, and therefore payments keep dropping, home prices kept right on rising despite the increasing levels of unemployment (and underemployment). Now there are three houses for sale on every block and foreclosures are rising. If the weaker dollar and deficit expansion cause rates to tick back up to any degree, there aren't going to be many Austin salaries that will merit paying $250,000 for a 3/2 on a postage stamp lot. Not to mention that housing has been a safe investment haven during the market meltdown. If the market continues to perk up and folks stop looking at housing as the best investment option, that could pressure prices as well.

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