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To: Les H who wrote (92176)	4/10/2001 12:10:45 PM
From: Sam Sara	Read Replies (1) \| Respond to of 436258

Les, near Vienna VA the real estate market still seems white hot. Consumer is spending less, as sales tax receipts are down. I speculate that this is "let's put the money in a house, which is a lot safer than stocks. Real estate in this area will never go down". I have heard this sentiment from several people. Every bubble pops, just hard to say when.

To: Les H who wrote (92176)	4/10/2001 12:17:49 PM
From: GraceZ	Respond to of 436258

Oh but it's wonderful buying real estate from a distressed seller in a bad market. With my present house the sellers had moved out a year and a half earlier, had reduced the price three times and were facing heating the place through another winter. They were unable to get it together to clean up what could only be described as a large pile of garbage on the property (it cost us two guys and a 30 yard dumpster). I figure that little dump cost them 40k.