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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Grandk who wrote (13711)5/12/2004 2:07:55 PM
From: benwood  Read Replies (2) of 110194
 
When the NAZ hit 3000, there were more buyers than ever before. Buyers were sloshing around the trading rooms at NAZ 4000. I think the RE boom is at the NAZ 4500 stage right now. My ex-wife called this AM, says she & her sister want to sell their house on Queen Anne hill in Seattle, for 580k (appraised at 180k in 1990). Her rational is to get out while the gettin' is good. If I owned a spare home, I would put it on the market last week.

Yes, buyers know that it's their last chance to get on board as the train of perpetually rising homevalues leaves the station, methinks... just like January of 2000 in the Internuts.
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