Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lazarus_Long who wrote (12784)	10/17/2003 4:10:21 PM
From: Lizzie Tudor	Read Replies (1) of 793617

real estate in california in the early 90s was also a bubble Laz. Houses were literally doubling in value in 3 years, did you forget? There were parcels of land which really are useless selling for $200K 12 years ago and that was huge money then. Then, the crash. Also in the late 80s, a colossal bubble in the art market. I know that one, because I own a lot of Andy Warhol prints. Stuff went from $2K to $400K in about 4 years. Another crash. Speculative bubbles aren't that unusual unless you are looking at the magnitude of this last one, but otoh it is easy to value the overall stock market and much more difficult to do that with Real Estate. The overall dollars "lost" from peak to trough in California real estate in the early 90s was probably close a trillion. What did spyglass hill sell for to the Japanese and what did they later sell it for? I will try to find that on the web and report back.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next