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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Pawhuska49 who wrote (29585)	8/7/2000 8:41:13 PM
From: Thomas Mercer-Hursh	Respond to of 54805

Until it slides down the hill, burns up, or falls off into the Pacific. Me, I'm sitting on bedrock, on a former island, with among the lowest earthquake risk anywhere in the Bay Area, and a view of the Bay and Mount Tamalpais. I'll take it. BTW Bruce, you might want to check out Point Richmond in your search around the Bay Area. It is like living in a village, but under 10 miles to much of Marin and the East Bay and 20-25 minutes to SF if you pick your time right. And, the prices haven't gone up quite as fast as some other areas ... yet.

To: Pawhuska49 who wrote (29585)	8/7/2000 10:17:14 PM
From: Boa Babe	Respond to of 54805

We get to live in Paradise! That's a ways up the road, near Chico, as I recall My hometown, Paw :))) I lived in Paradise, rode the school bus to Chico High. I went to Chico State, too. Go Wildcats! That's pretty obscure knowledge of California, you son of a gun. Kay~

To: Pawhuska49 who wrote (29585)	8/7/2000 11:00:26 PM
From: mauser96	Read Replies (1) \| Respond to of 54805

And price collapses aren't confined to the stock market, they occasionally hit high priced real estate too, resulting in a house being worth less than you owe on it. Remember the billboards around Seattle saying "will the last one out please turnoff the lights"? Investors that have a high percentage of their net worth tied up in non income living type real estate have to factor this into their retirement calculations more than people with equally nice houses that cost a lot less and may not require a mortgage. If margin (leverage) in stocks increases your risks, then mortgage loans (leverage) on houses may do the same. I've often thought that if homeowners could see the exact value of their house from minute to minute (The New York House Exchange or NAHD tape) it would make them so nervous many would turn into renters. Future demographics in the USA isn't good for real estate in general, but there are always exceptional situational areas like Silicon Valley in California.