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To: Skeeter Bug who wrote (112833)12/17/2000 11:37:06 AM
From: John Chen  Read Replies (1) | Respond to of 164684
 
SB,re:"Housing". Disclosure:I'm looking to buy a house.
So I understand there is really no 'no-inflation'.

"40% of my take home".

Man either you made a lot of money from your job
or you live in a slum area. I heard a friend in the
blessed silicon area, she is paying 1000% of her take
home play and very excited about it since the agent told
her it's like money in the bank, the real-estate will
continue to rise for the forseeable future.



To: Skeeter Bug who wrote (112833)12/17/2000 12:11:21 PM
From: John Chen  Read Replies (2) | Respond to of 164684
 
SB:"More on housing". The agent here suggested that the
housing price will continue to rise if not explode in the
nearest foreseeable future.

Reasons hinted:

o current stock-market collapse is an indication of the money is flowing to the real-estate, BIG TIME.

o The smart money has collected enough capital to switch
into new playing field: real-estate.

o One should switch into real-estate before it's too late
(last example: like the dot.com opportunity).

o No specific window/timing were given. The professional
suggested it's still not too late.

o The smart money knows that AG will keep printing money
and we need to position ourselves to collect wherever the
money drop into.