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To: yard_man who wrote (41160)11/27/2000 5:22:31 PM
From: KeepItSimple  Read Replies (1) | Respond to of 436258
 
>But we don't have a dangerous real estate bubble (like Japan did) on
>top of the stock market exhuberance <gggg>

LOL! I guess that's why the median home price in silicon valley is now 1.7 million dollars, according to an article i read last week at sjmercury.com

Does anyone have ANY doubts that 100% of those homes are being purchased with stock option cash? Not even a neurosurgeon makes enough money to afford that.

It's a very interesting way to view our society. No profession, even the most highly paid ones, can afford to buy a house in this area unless they're cashing out of tech stocks. If that isn't inflation, I don't know what is.



To: yard_man who wrote (41160)11/28/2000 9:35:17 AM
From: LLCF  Respond to of 436258
 
<But we don't have a dangerous real estate bubble (like Japan did) on top of the stock market exhuberance <gggg> >

I think there is complacency about real estate because indeed on the the commercial side it doesn't compare to the 'tax induced' excess of the 80's. Doesn't mean there isn't overbuilding or excess, especially in the home market.

DAK


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