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To: KeepItSimple who wrote (76660)	9/5/1999 7:46:00 PM
From: dbblg	Read Replies (1) \| Respond to of 164684

Agree w/you that Bay area real estate prices are unsustainable, but I'm not sure of the nationwide significance. Areas of the country which are dependent on agriculture, steel, etc., are as bleak as I've ever seen them. The housing spikes in areas like RTP with more forgiving geography and planning laws than Seattle, SF, etc., will resolve themselves pretty quickly. I do think the near-elimination of capital gains taxes on primary residences (I don't have the number handy, but the percentage of people realizing more than the 500,000 dollar profit-limit on a primary residence is very small) is hugely inflationary...

To: KeepItSimple who wrote (76660)	9/6/1999 1:27:00 AM
From: Glenn D. Rudolph	Respond to of 164684

t took you until today to come to that conclusion? People say there is no inflation, but they're wrong. The valley is just the tip of the iceberg. Houses that would sell for 45k or less are routinely sold for 1 million or more. KIS, Please understand this is not a trick question nor a way I am using to pick on you. Why do you choose to live where you live since I believe you are not presently employed and are basically playing the market? What would be the difference to you to live in the midwest, New York City, etc.? Glenn PS I am sort of stuck where I live since my businesses are near and I need to go there at times. I have no complaints about where I live but if I did not have the businesses and did not like the cost to live year, it would be no problem to move.