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To: ru2 who wrote (37182)	12/4/2000 1:48:18 PM
From: Caxton Rhodes	Respond to of 42787

FWIW, two friends have just bailed from real estate deals in SF, they work for inap and egrp and both were bailing due to the stock price. Others I know, not so well, are considering selling million $ plus homes as the collateral they had has disappeared to a large extent. I assume this sort of thing will continue for the next 18 months at least. Caxton

To: ru2 who wrote (37182)	12/4/2000 3:02:31 PM
From: donald sew	Read Replies (2) \| Respond to of 42787

ru2, >>>>> I spoke with a real estate Agent from Silicon Valley. He said the difference now from a year ago is that a year ago when a house would go on the market no matter what the price, a dozen people would try to out bid each other. In the mid summer only 4 or 5 people would try to out bid each other. Now people are not trying to out bid each other, but prices have not gone down yet. <<<< Sounds like a peak is developing overthere to me. Thanks for your input. People are getting worried, but the fear level that produces extreme selling hasnt come yet. seeya