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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: kodiak_bull who wrote (39879)	3/7/2005 1:10:21 PM
From: SliderOnTheBlack	Read Replies (2) of 206201

Housing Market.... prudentbear.com tic` toc' ["That investors’ share of home sales came in at 23% was a shocker for the NAR since they’d figured the number was closer to 9%. Instead, about one out of every four homes bought these days is being touted as a money maker."] ["Apparently as much as 60% of some Las Vegas subdivisions were bought up by investors"] ["A few spoil sports have begun to point out that this kind of thing has happened before. Real estate trend watchers Integra Realty Resources told the New York Times that it took the South Florida market seven years to recover from the 1986 plunge in real estate values."] ["So far, Dru Finley is waiting for her investment to show her the money. According to a recent New York Times article, she and her husband have been in the real estate biz since they bought a one-bedroom condo last summer for half a million dollars. But the income from renting the property comes in about $1,000 short of covering the mortgage and maintenance expenses. No problem for the newbie investors – they have their respective eyes on the windfall they’ll get from selling the property down the road. "It seems that real estate always goes up," Ms. Finley told the Times."]

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