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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (28290)	10/3/1999 9:17:00 PM
From: KM	Respond to of 99985

Ancecdotal per your comments on the RE fundamentals: They're building at a fever clip here in Dallas, single and multi family housing, commercial, you name it. In some of the more upscale in town neighborhoods, people are putting houses on the market for easily 25% more than they were asking a year or two ago. There are a lot of speculative high end townhouses, etc. going up. It reminds me a lot of the late eighties, here at least. When the bubble finally burst, it ended up being the hottest bankruptcy business cycle here in anyone's memory. We worked seven days a week for years on loan workouts and bankruptcy. Right now, the only full scale replica of the White House in the U.S. is on the market here in Dallas for 13 million, I believe. Some entepreneur built it and I guess decided he didn't want to be Billary after all <G> Maybe Don or one of our good traders (LG?) can afford it <G> I won't be surprised to see it happen again soon.