Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: GraceZ who wrote (2780)	6/27/2003 3:47:30 PM
From: jrhana	Read Replies (1) of 4907

<Otherwise I wouldn't have spent two years listening to people over on the Real Estate Crash thread complain that while they wanted to buy a house, they felt that houses were over priced and they didn't want to buy a house whose price was then destined to fall from where they bought it.> Man, here in Miami I know people who bought apartments for $70,000 and sold them for $100,000 in 8 months. Now they are unhappy because the same apartment is going for $120,000. I am having the opposite experience trying to convince people not to sink their life's savings into this swirling cauldron. The problem is that even if we say this is a bubble which will need to burst, who can say how or when it will do so. If you think Greenspan has tried to keep the stock market from collapsing, wait till you see how he defends real estate. This is why again I would say it makes no sense for instance to short a well run profitable and growing company like LEN thinking that tomorrow the real estate market is going to collapse. It is not the same as shorting a piece of fluff like CMGI when it was unraveling. investorshub.com You won't make that kind of money shorting LEN at best and if you are wrong and the real estate bull powers on along, you could lose big. JMHO

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