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To: hsg who wrote (69860)	7/26/1999 9:39:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 164684

<what do you think of the boomernomics principles which point to drastically lower real estate prices over the next decade as baby boomers cash out???> Population pressures here in California should ensure that real estate prices remain firm in most areas. <prices when up about 150% in a matter of a couple of years but have calmed down now...when the immigration from HK slowed, so did the realestate boom...if the market corrects and stays down for longer than a few months, the market could crack...still, a good time to sell!!! (if you own). > While I do think the 'high end' 1M+ homes are in bubble mode here, prices of 'affordable' homes (500k - 1M) are relatively sustainable. For example, during the 8 years we have lived here, our 'affordable' home has appreciated 90%, certainly outpacing inflation, but by no means qualifying for a 'bubble.'