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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: loantech who wrote (29368)	3/25/2005 10:32:56 AM
From: Condor	Read Replies (1) of 110194

Anecdotal stories. I have been told that it was reported in the papers that real estate in Manatee county (South of Tampa, gulf coast Florida) rose on average 41% in the past year. Hard to believe if true, however there is a huge amount of chatter in all circles about bounding prices now and in the past two years. Some one mentioned that 27% of all presidential purchases were investment purchases, not principal residence. Ran into a woman here from England who observed that they bought a house for a parent or something in December and from then until now they have been advised that it could be sold for $ 30,000 more. (they paid 200,000). At a car repair shop I spoke with a chap who said his lawyer friend bought a house two weeks ago for $300,000 and was offered $ 400,000 for it two days ago (he took the deal). The ink wasn't dry on the first purchase yet. BTW..these stories were unsolicited by me. It seems everyone just includes RE in all their small talk. Scary stuff. C

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