Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ramsey Su who wrote (34875)	6/11/2003 1:04:13 PM
From: carranza2	Read Replies (1) of 74559

How soon would the baby boomers realize that the real estate wealth effect is a bigger bubble than the irrational exuberant stock market bubble. Though I did capitalize on some inflated stocks, I failed to take full advantage of the stock bubble. Not about to miss out on the real estate bubble, even if I don't sell at the top. Just sold my bubble abode. Made a killing. "Location, location, location" is time-worn phrase but it works. Moving into something just as nice but smaller. Putting down a more or less 60% down payment on a 15 year mortgage. Taking care of the kiddo's future education expenses on the assumption that there will be decent stock market growth within the next 12-15 years. Socking away a nice chunk of cash but don't know where to put it yet. The real estate bubble will probably last a lot longer than the stock bubble as it is likely to be supported by low interest rates for at least the next year--and with that bit of advice and 75 cents you can get a Coke.

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