[HAMASAKI] Interesting position: house prices would rise with a Dow collapse!?
Anyone? Is this possible, prices of real estate rising after a DJ collapse?
John
___________
'Subject:
Re: What about mortages?
Date:
1 May 1998 13:49:05 GMT
From:
kiyoinc@ibm.XOUT.net (cory hamasaki)
Organization:
IBM.NET
Newsgroups:
comp.software.year-2000
References:
1 , 2 , 3 , 4 , 5 , 6
On Fri, 1 May 1998 11:27:00, Elizabeth Veitch <eveitch@atl.co.uk> wrote:
>
>
> Dennis Maurer wrote:
>
> > Can someone please explain to me how this "bidding" works ?
... details about an 'alternate' system for buying house...
> probability of getting it. In Edinburgh at the moment, many properties
> are going for 20-30% over the offer price, due to the demand.
>
> Liz
I'm seeing the same signs here. The press has not picked up on it yet but
houses are churning fast and there's a nervious feeling in the real estate
market. I'm guessing that when they look back, they'll see that DC prices went
up 20-30 % in 1998... ... that's assuming that the market crash doesn't happen
this year.
This may be a result of some people bailing out of the stock marker after the 15
year run up. If so, we could see housing prices double as the Dow collapses.
In DC, housing prices have been flat since the late 1980's. I'm guessing that a
lot of the spare cash went to the stock market and those stupid things, Mutual
Funds.
cory hamasaki
|
