zebra...good luck with your plan. Sounds reasonable, I guess, but, for me, the idea of shorting real estate in any way, shape, or form doesn't compute with my personal experiences in real estate. Having bought and sold real estate at interest rates far higher than they are today, it's hard to envision a few rate points up from here causing too much disruption--mainly because I don't personally attribute much of the current boom to interest rates in the first place.
Meanwhile, I see in today's WSJ that Freddie Mac is predicting home sales in 2004 will be 2 percent higher than in 2003.
Of course, if you and I had gone long on the portfolio which appears at the top of this thread and sold all our shares only a little while ago, we'd be rich and never have to fool around with the stock market again! <<gg>>
Seriously, one fact about this so-called bubble that makes me think it's no bubble at all is that most of the alleged bubble action is concentrated only in certain heavily populated, economically prosperous/affluent areas of the country--such as New York, Southern California, Florida, Las Vegas, Wash DC, Atlanta.....and maybe a few others.
So, how it all plays out will either be very interesting, or not very interesting at all...at least that's my view on the thing. Good luck with your investing! |
