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To: Jack of All Trades who wrote (105824)5/31/2001 4:54:51 PM
From: Terry Whitman  Read Replies (1) | Respond to of 436258
 
I don't see home prices falling much in most areas- certain local bubbles excluded of course. Easy Al stands ready at the clownbuck presses to make sure that doesn't happen. Only huge unemployment/layoffs would cause home prices to drop considerably. Homes may lose value in a relative sense though- mine has. It's value has not increased as much as inflation since I bought it in 1992. Still beats renting however.

Houses aren't really that great of an investment- they deteriorate over time, need expensive maintenance, utilities, property taxes, etc. The LAND the house sits on is the investment. The cost of holding raw land is minimal- and it's return nearly always beats inflation.



To: Jack of All Trades who wrote (105824)5/31/2001 5:04:59 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
Sounds like Novellus has no good news to report:

4:48pm 05/31/01 [NVLS] NOVELLUS TO END Q2 WITH CASH INCREASE OF $40M
4:47pm 05/31/01 [NVLS] NOVELLUS SAYS ALL REGIONS ARE DOWN IN Q2
4:46pm 05/31/01 [NVLS] NOVELLUS: COPPER, LOW-K DIELECTRIC SEGMENTS HAD Q2 WINS
4:46pm 05/31/01 [NVLS] NOVELLUS CEO: 'THERE IS NO GOOD NEWS AT THIS TIME
4:42pm 05/31/01 [NVLS] NOVELLUS HAS HAD CANCELLATIONS OF $15M IN Q2
4:41pm 05/31/01 [NVLS] NOVELLUS STILL EXPERIENCING CANCELLATIONS, PUSH-OUTS
4:41pm 05/31/01 [NVLS] NOVELLUS RECEIVED PUSHOUT IN 300MM FAB LAST NIGHT
4:40pm 05/31/01 [NVLS] NOVELLUS CEO SEES Q2 REVENUE $379M
4:40pm 05/31/01 [NVLS] NOVELLUS SEES Q2 EARNS 40C
4:39pm 05/31/01 [NVLS] NOVELLUS CEO SEES Q2 BOOKINGS AOURND $220M
4:38pm 05/31/01 [NVLS] NOVELLUS CONFIRMS Q2 TARGETS

I'm sure the maniacs will buy it anyway...<NG>

EDIT: Oh, and by the way, Altera warns:

cbs.marketwatch.com



To: Jack of All Trades who wrote (105824)5/31/2001 5:10:05 PM
From: maceng2  Read Replies (2) | Respond to of 436258
 
If you are looking for foreclosures, remember a vultures best friend is patience.

If you can wait about a year maybe even 2 yrs, my guess is you should do better then 70 cents on the dollar (i.e current house prices)

May I suggest you look at some one trying to avoid foreclosure? I was stuck in that corner about 10 yrs ago and a good deal was done all around. It took patience and good will though -g- If you rent the property you have some things going in your favor (probably.. depends on the state) into the foreclosure sale... just a suggestion.

60 to 70 cents on the dollar should do it depending where you are looking.

Nice State btw

pearly.