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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Kona who wrote (105420)2/16/2008 6:36:22 PM
From: Live2SailRead Replies (1) of 306849
 
"There must be a ton of Google employees hired in the last year whose options are now underwater. Those waiting since last year for their first year's worth to vest and buy that big house are out of luck."

Maybe. GOOG didn't have the huge runup until the end of the year, so the vast majority of googlers probably still have ITM options. Also, they have a deal with GS who will buy them out for a certain value even if their options are OTM. Regardless, the demographic of many of the new googlers is very young. I don't know how many are out there looking for houses. Still, it takes just a few to raise the comps. They are just looking now. Add the GOOG hit to AAPL down to 125 from 200, NVDA, NetworkAppliance, etc., it adds up.

Again, it will be interesting to see what happens to prices when the conforming limit is raised.
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