Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: lightwave51 who wrote (36949)	12/23/2000 6:12:14 AM
From: Bruce Brown	Read Replies (1) \| Respond to of 54805

The big difference, my home has not gone down in value by 50% since March. <gg> Ah, but the economic lag time might influence the value over the next 12 - 18 months depending on a variety of factors. We sold a home in the Bay Area in the early summer of 1995 just as the lag was starting to hit. Values continued down to the point that after we were long gone, the price was down about 40% from our selling price even though the equity markets were headed in the other direction. Eventually, the lag turned in the other direction. Here it is a few years later and the price has rebounded to 40% above our selling price in 1995. Of course, the Bay Area is its own separate entity when it comes to real estate and valuations. I don't know if real estate values fluctuate to that degree in other areas of the country or not. BB