Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: linda k who wrote (1230)	8/17/1997 5:22:00 PM
From: Bonnie Bear	of 42834

Sunnyvale isn't in the slums either...Well I sure hope you're right as I would love to sell my house for $600K in a couple of years. I'm not counting on it though. Relief from a four-hour-a-day commute and a mortgage is good enough for me. Many people I know have $3000 a month mortgages and $5000 a year taxes and are living a hand-to-mouth existence with both husband and wife working to meet the mortgages, or they bought the house with stock they haven't sold. If the stock market collapsed and/or one of them lost their jobs and/or interest rates went up they would end up in foreclosure. They are neglecting their children while they work these awful hours just to pay their mortgages and taxes in the illusion that they need the tax writeoff. They do not sleep well at night. I guess you said it succinctly..."as long as high tech is booming". Just looks too much like the aerospace industry in LA in the late 80s.

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