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To: Robert Rose who wrote (97720)3/29/2000 4:40:00 PM
From: mike machi  Read Replies (2) | Respond to of 164684
 
~The closing prices of homes for sale this month in P.A. averaged 35% above the asking prices. (I'm serious.)~

Really?

Good news for me.

Anyone interested in a contemporary 3200 sq ft 4 bd room?
Granite, corian, 2 fire places and a 3 car gar?

Mike



To: Robert Rose who wrote (97720)3/29/2000 4:42:00 PM
From: Jan Crawley  Read Replies (2) | Respond to of 164684
 
Hello Robert,

We are repeating the same subject over and over...
the new economy stocks = new economy players.
FA does not apply, nor does buy and hold. Both are old thoughts.



To: Robert Rose who wrote (97720)3/29/2000 7:39:00 PM
From: Greater Fool  Respond to of 164684
 
>>The closing prices of homes for sale this month in P.A. averaged 35% above the asking prices

Less of a problem than you might think. Consider this: there are perhaps a million houses in Silicon Valley. For every one of those houses to have increased in realized value by $500K would require $500 billion.

That's not that much money when you consider that that's just one Silicon Valley company's market cap. Yahoo alone gets you a fifth of the way there.

The fact remains that the dirt is still much less expensive than that in Manhattan. Or Tokyo. Or San Francisco, for that matter.