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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (245361)8/8/2005 3:40:09 PM
From: Road Walker  Read Replies (2) of 1574000
 
re: Then again, they predicted the bubble would burst two years ago. We'll see.

When I moved to Florida 13 years ago we were at the other end of the cycle; there were five houses on each "block" for sale and they sometimes took years to sell. I remember going through neighborhoods with a realtor and having people flag you down and beg you to look at their house... literally.

When people are racing to outbid each other an hour after a house hits the MLS you know you are at the top. That and interest rates going up decreasing the pool of potential buyers.

John
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