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To: TheStockFairy who wrote (85616)	3/26/2001 3:26:23 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 436258

many markets are already slowing. the real estate bubble exists in certain locals, eg, bay area and new york. not everyone gets hit as hard as they do. the bay area gets crushed.

To: TheStockFairy who wrote (85616)	3/26/2001 3:55:56 PM
From: long-gone	Read Replies (1) \| Respond to of 436258

<<That we are in a real estate bubble and it will pop this year. >> Perhaps, but it might only be you aren't seeing the whole of the real estate market & the "correction" that will happen will only bring about a reduction of prices in the top areas & an increase in the undervalued ones.

To: TheStockFairy who wrote (85616)	3/26/2001 4:04:09 PM
From: RocketMan	Read Replies (2) \| Respond to of 436258

In the greater Washington, D.C. area, even though RE prices are high, the 10-year appreciation has only been around 3-4% per year, roughly in line with inflation. And that includes a higher rate in the last 2-3 years as catchup from the early to mid-90's when it was hard to sell at any price. There are pockets of much higher appreciation, but this region as a whole it is far from a bubble. If I owned in the Bay area, though, I would be worried.