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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (25481)11/29/2004 1:25:57 PM
From: damainmanRead Replies (1) of 306849
 
"Few of us--poor little stock shareholders-- can make a similar claim. In many cases, particularly since the tech wreck of several years ago, the stocks actually own the shareholders."

Not sure exactly what comparison is being made here. My stock portfolio is 100% paid for, no margin- I do admit however, that I don't own the whole company if that is what you are trying to get at. You can buy a house for zero down, but you can't buy stocks for 100% margin- not unless you take a cash advance from a credit card and send it to your broker or launder it some other way.
Just because you own 100% of an asset does not preclude
it from being bubble material. I don't know, maybe its the people I happen to be around, but the level of speculation in housing is the same speculation I saw everyday with stocks back in 1999. One of my female coworkers has a husband who was a daytrader back in the day but has since been forbidden by his wife to daytrade anymore 'cause he got whacked during the bust. This same wife has went and bought 5 houses in Ca.'s Central Valley in the past 2 years. Where does someone with 6 homes and a household income of ~160k fit into those radio statistics?
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