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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (47576)	2/18/2001 6:23:30 PM
From: Tradelite	Read Replies (1) \| Respond to of 57584

Somebody mentioned real estate still being strong, as if this is a harbinger of things to come. Well....maybe so....real estate is certainly strong in my area. But this is the ONE subject I know about and on which I have a great deal of historical perspective.... Trust me.....the minute you hear people saying they don't need to sell but simply WANT to sell their homes for no other reason than "cleaning up on profits" or because "it looks like a good thing to do"..... And then, at the very same time, you hear buyers saying, "UHHHHHHHHH.....is this little house all I can get for my bazillions of dollars????? Gee, I think I'll keep the house I have and fix it up or add on.... This means YOU should head for the hills, because real estate has topped out and the market value of homes in your area will fall, and people who bought at the high and expect to sell for the same amount or more than they paid in a short period of time will be terribly disappointed. Real estate is a long-term investment...subject to ups and downs, with the general trend being up, because land to build on is getting more scarce all the time. I'm not sure there is a parallel in the stock market...stocks will always be available to buy, especially if companies keep doing stock splits or getting their shareholders to approve an increase in available shares. Just some random thoughts that come up every time someone tries to point to the housing market as a guide for judging the health of the stock market.