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To: Terry Whitman who wrote (40194)	5/11/1999 12:26:00 AM
From: Lizzie Tudor	Read Replies (1) of 86076

Terry, re: your post on reits, I don't know what to think about real estate in an inflationary environment at least on the west coast. The 70s were an entire different world, houses were affordable for everybody then... now not so, we have experienced huge inflation in housing prices in LA, SF and Seattle - if an inflationary climate comes along and interest rates climb, real estate will crash, worse than the equity markets. Well thats my story and I'm sticking to it

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