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Pastimes : Prophecy -- HYPE or HOPE? -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (179)	6/3/2001 5:19:22 PM
From: SOROS	Read Replies (1) \| Respond to of 5569

Who is going to rent them? Hard to do business in the dark!

To: Dealer who wrote (179)	6/4/2001 2:37:58 PM
From: Dave	Read Replies (1) \| Respond to of 5569

understand that CISCO put 17 buildings consisting of 750,000 sq. ft. up for lease this last week. I didn't hear that, but it was inevitable. They had been building some huge installations in Watsonville, a smelly industrial hell-hole where nobody would want to live unless they were blessed with the inability to smell fertilizer factories. In response, home prices in Watsonville skyrocketed last year, with little houses on postage-stamp lots selling for around $800K. Watsonville is about 90 minutes from Silicon Valley. There's nothing there. Can you imagine if you got hired by CSCO to work in Watsonville, and you took out a loan for an $800K house, and then they announced that they were laying off? Suddenly you have an upside-down loan on a house that nobody wants, and you don't have a job, and there's nobody hiring within a 90-minute commute. I'll bet there are hundreds of families in this position now. Keep your crash helmets securely fastened. This landing is not going to be soft. Dave