John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (9158)	3/23/2008 4:44:06 PM
From: Stoctrash	Read Replies (2) of 33421

JP, Check out the BOA estimates....chopped, sliced and diced, Ginsu style... You can prop stock prices, add liquidity, support bond prices, bail out your friends, take in crap and give em T-bills...but there is no way in hell you can instantly force housing prices higher. I just was talking with relative that last week closed on a high end condo, 50th floor in downtown Miami...he bought it over 2 years ago...and construction was just finished...ouch!! I asked if they worked with him on price, nope....!!! Good thing he's mega loaded so, the 500k he just over paid didn't phase him too much. Funny part is instantly he went on how in the long run it will be fine..lol. Define long run?....uggghhh...

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