Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor-ex! who wrote (15547)	4/5/1998 8:20:00 PM
From: Bonnie Bear	of 94695

I sold a house last year and downsized into this one- looks like I took the money and ran too soon. yup, I'm ground zero in silly valley. I bought into an area that has dumpy tract houses and a spectacular location. The real estate mania here is as pathetically stupid as this stock market- I bought the house for 180K 2.5 years ago, they're selling 270-280 K now, the same house in the same town on the same lot but in a different elementary school district sells for 600K. If the mania spreads into this school district, I'm outta here! With the average house in the US at 170K, I have a little goldmine here. Better than the stock market. ;-) There's this incredible mania in Asia about sending their kids to the Cupertino school district. They don't know where Caifornia is but they've heard of Cupertino. The parents are insane- they could send their kids to boarding school in Switzerland, buy a beach house and have money left over for a nice house in a different town for the price they're paying.

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